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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“Please leave the fire scene to me”… Hyundai Rotem unveils cutting-edge unmanned firefighting robot for the first time: Hyundai Rotem announced on the 31st that it unveiled its unmanned firefighting robot for the first time at the ‘2024 Asia Ma ...; Global Economic Times Reporter 2024.11.01

Incheon Seo-gu Geomam Station area completely lifted from land transaction permit zone after 6 years: 6.15㎢ of the area around Geomam Station in Seo-gu, Incheon will be removed from the land transaction permit zone for the first tim ...; Global Economic Times Reporter 2024.11.01

Busan-Ulsan-Gyeongnam Economic Alliance jointly responds to secure national funds... Proposed an increase of 188.9 billion won to the National Assembly: Three cities and provinces, Busan, Ulsan, and Gyeongnam (Buul-Gyeong), have come together for regional development. The Buul-Gyeon ...; Global Economic Times Reporter 2024.11.01

100,000 Seongbuk-gu residents join forces to re-promote the Gangbuk Crossing Line: More than 100,000 residents participated in the signature campaign held by Seoul's Seongbuk-gu to re-promote the Gangbuk Transvers ...; Desk 2024.11.01

Yangcheon-gu, reconstruction of 2,788 households in Mokdong 12 complex... Resident information session on the 29th: Mok-dong 12 Complex in Yangcheon-gu, Seoul will be rebuilt into a large apartment complex with a maximum of 43 floors and 2,788 ho ...; Hwang Sujin Reporter 2024.11.01

“Receive 5.2 million won every week for life” A daily wage of 46 billion won collected in a multi-level manner was caught: An illegal multi-level organization that raised 46 billion won by deceiving the elderly and middle-aged with sweet words such as " ...; Desk 2024.11.01

Jung-gu, Seoul, gives British Ambassador to Korea Colin James Crooks an ‘honorary resident card’: Colin James Crooks, British Ambassador to Korea, became an honorary resident of Jung-gu, Seoul. Jung-gu announced on the 29th tha ...; Global Economic Times Reporter 2024.11.01

“I will not receive a medal from President Yoon Seok-yeol”... Following the professor, elementary school teachers also refused.: There are successive cases of people refusing to receive medals from the Yoon Seok-yeol government. Following Professor Kim Cheol- ...; Global Economic Times Reporter 2024.11.01

Which Moonmyung high school adopted a ‘pro-Japanese advocacy’ textbook?: The private Moonmyung High School located in Gyeongsan-si, Gyeongsangbuk-do is causing a stir after it was revealed that it was th ...; ONLINE TEAM 2024.11.01

1 in 4 office workers are forced to drink at company dinners: A survey revealed that one in four office workers has experienced being forced to drink at a company dinner. Gapjil at Work 119 T ...; Desk 2024.11.01

Rural residential shelter usage period ‘12 years + α’ policy: This opens the way for ‘rural stay-type shelters’ to be installed on farmland for more than 12 years. Installation of ...; Desk 2024.10.31

“Government must pay 100 billion won in compensation for losses every year due to delay in opening GTX-A Samsung Station”: The National Assembly Budget Office predicted that the loss compensation that the government must pay to private operators due to ...; Global Economic Times Reporter 2024.10.31

Czech Republic places ‘temporary hold’ on Korean nuclear power plant contract: AFP news agency and others reported that the Czech anti-monopoly watchdog authorities temporarily suspended the contract for a new ...; Global Economic Times Reporter 2024.10.31

Survivors of victims of forced mobilization win again... Court says Japan Steel must compensate a total of 100 million won: The court ruled again that Nippon Steel, a Japanese war crimes company, must compensate the families of victims of forced mobiliza ...; ONLINE TEAM 2024.10.31

89 regions with population decline, living population increased by 3.5 million: In the second quarter of this year, the living population (registered population + resident population) in 89 population-reducing ...; Desk 2024.10.31

25 people arrested for ‘runaway racing’ in Gangbyeonbuk-ro: A number of drivers in their 20s were caught by the police for dangerously driving a car at speeds of up to 200 km/h along the Gan ...; Desk 2024.10.31

The main culprit of ‘Seoul National University Deepfake’ was sentenced to 10 years in prison in the first trial… The court said, “Long-term destruction of character”… Sentenced to ‘medium punishment’: [GLOBAL ECONOMIC TIMES] Mr. Park (40), the main suspect in the so-called 'Seoul National University Deepfake (technology to creat ...; Desk 2024.10.31

The Seoul Metropolitan Government’s ‘Namsan Gondola’ project has been put on hold.: [GLOBAL ECONOMIC TIMES] The ‘Namsan Gondola’ installation project being promoted by the Seoul Metropolitan Government ...; Global Economic Times Reporter 2024.10.31

Tourists from Taiwan and Hong Kong visiting Busan are at an all-time high: [GLOBAL ECONOMIC TIMES] The number of Taiwanese and Hong Kong tourists visiting Busan this year is expected to reach an all-time ...; Global Economic Times Reporter 2024.10.30

The 6th French Days in Seoul was full of passion.: [GLOBAL ECONOMIC TIMES] The French Tourism Organization held ‘French Days in Seoul 2024’ on the 22nd. French Days in ...; Global Economic Times Reporter 2024.10.30