Global Economic Times

2026.07.22 (Wed)
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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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Coupang's 'Self-Regulation' Stance Sparks Fears of Light Penalties Amid Data Leak Scandal: (C) Tech in Asia SEOUL — Public outcry for severe punishment against Coupang continues to grow following the massive data b ...; KO YONG-CHUL Reporter 2025.12.06

2026 Overseas Koreans Agency Budget Confirmed at 112.7 Billion Won... 5.3% Increase Year-on-Year: Overseas Koreans Agency (OKA) On the 5th, the Overseas Koreans Agency (OKA, Commissioner Kim Kyung-hyup) announced that its budget ...; KO YONG-CHUL Reporter 2025.12.06

North Korea Embraces Mobile Tech and AI, but Control Remains Paramount: (C) NKNews SEOUL, South Korea - A recent international conference in Seoul highlighted the rapidly evolving media and mobile land ...; Min Gyu Mi Reporter 2025.12.05

The North Face Faces Backlash: Full Refunds Issued Over Mislabelled Down Filler: (C) Kamisetas.com SEOUL—In a major blow to brand trust, The North Face, operated by Youngone Outdoor, has been forced to is ...; Desk 2025.12.04

Lee Jae-myung Pushes for 'Coup Cleanup,' Hints at Second Special Prosecution and Special Tribunal: (C) The Edge Malaysia SEOUL—President Lee Jae-myung is set to escalate the ruling Democratic Party's campaign to prosecut ...; KO YONG-CHUL Reporter 2025.12.03

Special Prosecutor Demands 15-Year Sentence, ₩2 Billion Fine for First Lady Kim Keon-hee: (C) Malay Mail Seoul, South Korea — The special prosecution team has demanded a 15-year prison sentence and a ₩2 billion ...; KO YONG-CHUL Reporter 2025.12.03

Coupang's Massive Data Breach Affects 33.7 Million Users, Suspected to be Insider Job by Former Chinese Employee: SEOUL— Coupang, South Korea’s leading e-commerce platform, is engulfed in a massive data breach scandal after reportin ...; KO YONG-CHUL Reporter 2025.12.01

Supreme Court Rules Taxpayers Must Go Through Administrative Litigation to Reclaim Mistakenly Collected Taxes: SEOUL, South Korea—The Supreme Court of Korea has delivered a significant ruling, asserting that even when tax authorities h ...; Hee Chan Kim Reporter 2025.12.01

Jongno-gu Strengthens Protection of Tapgol Park: Alcohol Ban and Pavilion Restoration for National Treasure: (C) SBS The Jongno-gu district in Seoul has announced significant measures to restore the historical integrity and public safet ...; Global Economic Times Reporter 2025.12.01

Hacked Home Cams Expose Private Lives on Adult Sites: Four Arrested for Stealing Footage from 120,000 Devices: (C) Ars Technica Seoul, South Korea — A sophisticated network of hackers who infiltrated over 120,000 home and business I ...; KO YONG-CHUL Reporter 2025.12.01

Seoul Prosecution Joint Investigation Team Clears 'Drug Probe External Pressure' Allegations, Sparking Fierce Backlash from Police Superintendent: (C) KBS The Seoul Eastern District Prosecutors’ Office Joint Investigation Team (JIT), which has been probing the 'extern ...; ONLINE TEAM 2025.12.01

South Korea Recovers 25 War Remains from Battle of White Horse Hill in DMZ: (C) Reddit The South Korean Ministry of National Defense (MND) announced today the successful recovery of 25 sets of remains an ...; Yim Kwangsoo Correspondent 2025.12.01

Daejeon Prepares to Host World's Largest Solar Energy Congress, One Year Out: (C) Daejeon City DAEJEON, South Korea – With exactly one year remaining until the grand event, Daejeon Metropolitan City, ...; HONG MOON HWA Senior Reporter 2025.12.01

Daejeon to Host 3rd Annual International Korea Beauty Festival, Paving the Way for K-Beauty Hub Status: The 2025 International Korea Beauty Festival (IKBF) is set to open its doors for a magnificent two-day event, bringing together do ...; HONG MOON HWA Senior Reporter 2025.11.30

South Korea Passes Landmark Bills: Up to 50x Fine for Ticket Scalping and Tougher Measures Against Illegal Streaming: (C) Grok SEOUL, South Korea — South Korea’s National Assembly has taken decisive legislative action against widespr ...; Hwang Sujin Reporter 2025.11.29

Global Derivatives Market Grinds to Halt as Cooling Failure Cripples CME Group: (C) Linkedin CHICAGO, U.S. — The world's largest derivatives exchange operator, CME Group, experienced a massive system f ...; Yim Kwangsoo Correspondent 2025.11.29

Trump Vows Permanent 'Third World' Immigration Ban, Mass Deportations Following Fatal Shooting: (C) Politico WASHINGTON, D.C. — In a dramatic escalation of his anti-immigration platform, President Donald Trump announc ...; Pedro Espinola Special Correspondent 2025.11.29

The Paradox of the 'Juvenile Offender' (Chokbeop Sonyeon): Impunity or Unfinished Rehabilitation?: SEOUL, Republic of Korea — A deep-seated crisis is gripping South Korea's juvenile justice system as violent and organized c ...; KO YONG-CHUL Reporter 2025.11.29

AI Cheating Scandal Rocks Korean Schools: Education Authorities Scramble for New Guidelines: (C) Educatin Next SEOUL, South Korea — A profound disruption is sweeping through South Korea's education system as "AI ch ...; KO YONG-CHUL Reporter 2025.11.29

TRUMP'S 2028 GAMBIT: TESTING CONSTITUTIONAL LIMITS FOR A THIRD TERM: (C) The Telegraph Washington, D.C. — U.S. President Donald Trump has reignited a contentious debate over the presidency&r ...; Eugenio Rodolfo Sanabria Reporter 2025.11.29