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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Daycare admission - Kindergarten admission application, unified into ‘Kindergarten integrated portal’ next month: [GLOBAL ECONOMIC TIMES] Applications for next year’s daycare or kindergarten admission can be made through the unified &lsq ...; Hwang Sujin Reporter 2024.10.30

What is the average TOEIC score in Korea?... The number of successful applicants from large companies is more than 100 points higher.: [GLOBAL ECONOMIC TIMES] The average TOEIC score of Koreans was found to be 709 points. The average TOEIC score of successful appl ...; Desk 2024.10.30

Opening of a shelter for multicultural families... Contribution to intercultural understanding: [GLOBQL ECONOMIC TIMES] The Youth Stump Foundation opened the ‘Stumpet Multicultural Center’ (pictured), a support sp ...; Hwang Sujin Reporter 2024.10.30

30 GIST professors named to the list of ‘World’s Top 2% Researchers’: [GLOBAL ECONOMIC TIMES] 30 professors at Gwangju Institute of Science and Technology (GIST) were selected as among the top 2% of ...; ONLINE TEAM 2024.10.30

‘Complex shopping mall + dome stadium’ Incheon Starfield Cheongna, 21,000 seats confirmed... Construction permit completed: [GLOBAL ECONOMIC TIMES] The Incheon Free Economic Zone Authority announced on the 29th that it approved a change in the building ...; Desk 2024.10.30

“The price of 80 kg of rice has fallen to 160,000 won... We are only accumulating debt due to farming.”: [GLOBAL ECONOMIC TIMES] As the rice harvest approaches, female farmers are becoming increasingly anxious. This is because the pri ...; Desk 2024.10.30

The 1st Royal Park City Content Contest held: [GLOBAL ECONOMIC TIMES] DK Asia announced on the 29th that it will hold the '2024 1st Royal Park City Content Contest' containing ...; Desk 2024.10.30

For foreign students to settle down... Chungcheongbuk-do introduces guardianship system for foreign students: [GLOBAL ECONOMIC TIMES] North Chungcheong Province announced on the 21st that it will introduce the 'K-Guardian' system to help f ...; Desk 2024.10.29

One in four people in their 20s is a non-regular worker, the highest proportion ever.: [GLOBAL ECONOMIC TIMES] Four out of 10 wage workers in their 20s were counted as irregular workers. The proportion of people in t ...; Desk 2024.10.29

Starting next year, I will learn finance in high school... “Learn about loans, house contracts, etc.”: [GLOBAL ECONOMIC TIMES] Starting next year, ‘Finance and Economic Life’ will be added as an elective subject in the h ...; Desk 2024.10.29

About 2.4 billion won was invested in IB (International Baccalaureate) education, but less than 10% were certified schools.: [GLOBAL ECONOMIC TIMES] The budget paid by metropolitan and provincial offices of education across the country to the Swiss IB he ...; Desk 2024.10.29

Will a ‘November typhoon’ come to the Korean Peninsula? ‘Kongrey’ advances north from the Philippines: [GLOBAL ECONOMIC TIMES] As Typhoon 'Kong-rey', which occurred in the North Pacific, is heading north, there is talk of the possib ...; Global Economic Times Reporter 2024.10.28

Woomi Construction Consortium sells ‘Newv Cloud Hills’ in Magok District in October: [GLOBAL ECONOMIC TIMES] Woomi Construction Consortium will supply 'New Cloud Hills' to be built in Magok-dong, Gangseo-gu, Seoul ...; Global Economic Times Reporter 2024.10.28

Green belts, etc. released, 90,000 households... Supply measures for the metropolitan area are pouring in next month.: [GLOBAL ECONOMIC TIMES] In November, the government's ambitious plan to supply mega-housing will be announced one after another. ...; Global Economic Times Reporter 2024.10.28

Mok-dong Complex 12 “Transformed into 2,788 households with up to 43 floors”: [GLOBAL ECONOPMIC TIMES] While the reconstruction plans for 14 old Mok-dong apartment complexes in Yangcheon-gu, Seoul are being ...; Global Economic Times Reporter 2024.10.28

Payment for railway, bus and airline tickets in one place... ‘Super Move’, an integrated app created by the Ministry of Land, Infrastructure and Transport: [GLOBAL ECONOMIC TIMES] The nationwide MaaS (K-MaaS) service, which allows users to use various transportation methods such as ra ...; Desk 2024.10.28

Make friends and raise pets in the virtual world... Avatar customization that swept Japan is coming to Korea: [GLOBAL ECONOMIC TIMES] Cocone, a global avatar service company, announced on the 25th that it will release the Korean version of ...; Global Economic Times Reporter 2024.10.27

Man in his 40s suffered cardiac arrest after collapsing during a beer drinking contest... Safe with first aid: [GLOBAL ECONOMIC TIMES] According to a Newsis report on the 27th, at around 5:18 p.m. on the 25th, an accident occurred during a ...; Desk 2024.10.27

Corona treatment Paxrovid will be applied to health insurance starting today... Patient contribution: 47,090 won: [GLOBAL ECONOMIC TIMES] Starting on the 25th, health insurance will apply to COVID-19 treatments. It can be prescribed at any med ...; Global Economic Times Reporter 2024.10.27

“I was reluctant because I was afraid of getting breast cancer even if my armpits smelled”...Study shows that it can be used: [GLOBAL ECONOMIC TIMES] A domestic research team has found that deodorants such as antiperspirants or deodorants used to reduce a ...; Global Economic Times Reporter 2024.10.27