Global Economic Times

2026.07.23 (Thu)
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FSC Slams Young Poong with Record $14.7 Million Fine Over Deliberate Accounting Fraud

SEOUL — South Korea’s financial regulator has handed down a record-breaking 20.47 billion won (approximately $14.7 million USD) fine to Young Poong Corp., a major non-ferrous metal slacker
Korean Independence Flag Raised at NYC's Waldorf Astoria Restored to Original Glory

SEOUL — A historic South Korean national flag (Taegeukgi), which bore witness to the fierce diplomatic struggle for independence on the global stage, has successfully been restored to its origin

FRAUD AT THE GATES: PROSECUTORS TAKE ON ILLEGAL APARTMENT SUBSCRIPTIONS IN DONGTAN 2 NEW TOWN

SEOUL — Four individuals who illicitly secured highly coveted apartment subscriptions in Gyeonggi Province's Dongtan 2 New Town through fraudulent residency registrations and administrative

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Soaring Demand for Fake IDs as South Korean Students Prepare for College Entrance Exam: Seoul, South Korea – As South Korean high school students gear up for the highly anticipated College Scholastic Ability Test ...; Desk 2024.11.13

Dongduk Women's University Students Protest Proposed Co-Ed Conversion: Seoul, South Korea – Dongduk Women's University has been rocked by protests as students vehemently oppose the administration ...; Hwang Sujin Reporter 2024.11.13

High School Seniors in Gwangju Prepare for the Crucial College Entrance Exam: Gwangju, South Korea – As the 2025 College Scholastic Ability Test (CSAT) looms large, high school seniors in Gwangju are fe ...; Hwang Sujin Reporter 2024.11.13

Busan Unveils Ambitious Plan to Combat Youth Exodus with Free Housing: Busan, South Korea – In a bid to reverse the alarming decline in its youth population, the city of Busan has announced a gro ...; Global Economic Times Reporter 2024.11.13

Daejeon Unveils Renovated Travel Lounge with Expanded Shopping Options: Daejeon, South Korea – The Daejeon city government has announced the grand reopening of the Travel Lounge, now rebranded as ...; Desk 2024.11.13

Pyeongchang Wins Bid to Host 2025 World Association of the Olympic Cities General Assembly: Pyeongchang, South Korea – Pyeongchang County has secured the rights to host the 2025 World Association of the Olympic Citie ...; Global Economic Times Reporter 2024.11.13

KB Kookmin Bank Named Most Customer-Satisfied Commercial Bank in South Korea: Seoul, South Korea – KB Kookmin Bank has announced that it has been named the most customer-satisfied commercial bank in Sou ...; Global Economic Times Reporter 2024.11.13

Seoul City Implements Comprehensive Winter Measures to Protect Vulnerable Residents: Seoul, South Korea – As winter approaches, Seoul City has announced a comprehensive plan to protect vulnerable residents fro ...; Global Economic Times Reporter 2024.11.13

Housing Instability Linked to Lower Birth Rates in South Korea's Metropolitan Areas: Seoul, South Korea – A new study has revealed a strong correlation between housing instability and lower birth rates in Sout ...; Hwang Sujin Reporter 2024.11.13

South Korean Consumers Face Growing Issues with Moving Companies: Seoul, South Korea – The Korea Consumer Agency has issued a warning about the increasing number of complaints related to mov ...; Global Economic Times Reporter 2024.11.13

Remains of Jeju 4.3 Incident Victim Identified After 75 Years: Jeju, South Korea – The remains of a victim of the Jeju 4.3 incident have been identified among those unearthed at the site ...; Global Economic Times Reporter 2024.11.13

Cyworld, South Korea's Beloved Social Network, Set for a Comeback: Seoul, South Korea – Cyworld, the once-dominant social networking platform in South Korea, is poised to make a comeback in 2 ...; Global Economic Times Reporter 2024.11.13

Banana Milk: A Contender for South Korea's Cultural Heritage: Seoul, South Korea – In a surprising move that's captured the nation's attention, Binggrae, a leading South Korean food and ...; Global Economic Times Reporter 2024.11.13

"Four New Statues Honor Korean War Veterans at National Infantry Museum": Columbus, Georgia – Four new bronze statues have been unveiled at the National Infantry Museum in Columbus, Georgia, commemo ...; Global Economic Times Reporter 2024.11.12

"Rising Cases of Ammunition Found on Passengers at Incheon Airport Spark Security Concerns": Incheon International Airport is facing heightened security concerns after a series of incidents involving passengers found in pos ...; Global Economic Times Reporter 2024.11.12

Incheon Airport Sky Festival Transforms into K-Pop Concert, Raising Concerns: Seoul, South Korea - The annual Incheon Airport Sky Festival, a long-standing event designed to showcase the aviation industry and ...; Global Economic Times Reporter 2024.11.12

Young Kim Makes History Again, Securing Third Term in Congress: Washington, DC - Korean American Republican Congresswoman Young Kim has secured her third term representing California's 40th cong ...; Hwang Sujin Reporter 2024.11.11

London Emerges as a Hotspot for Pickpocketing in the UK: London, UK - A surge in smartphone thefts has prompted concerns about the rising rates of pickpocketing in London. In a recent rep ...; Hwang Sujin Reporter 2024.11.11

UK Universities Face Financial Crisis as International Student Visas Plummet: London, UK – British universities are facing mounting financial pressures as the number of international student visa applic ...; Global Economic Times Reporter 2024.11.11

Germany Allows Self-Determined Gender and Name Changes: Berlin, Germany – Starting November 1st, German citizens will have the unprecedented ability to self-determine their gender. ...; Global Economic Times Reporter 2024.11.11