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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Predator Teacher Preys on Students: In-Depth Report on U.S. Educator's Shocking Sex Crimes: (C) Daily Mail The conviction of Carissa Smith, a former substitute teacher in the Dixon School District in Missouri, has sent ...; Desk 2025.11.29

Year-End Travel Chaos Looms: Airbus A320 Fleet of 11,000 Faces Software Recall: The global aviation industry is facing its largest-ever recall, potentially paralyzing air travel during the peak holiday season. ...; Global Economic Times Reporter 2025.11.29

Incheon Mayor Yoo Jeong-bok Indicted on Election Law Violations, Putting Re-election Bid at Risk: (C) Incheon.go.kr Incheon, South Korea — Incheon Mayor Yoo Jeong-bok has been formally indicted without detention on char ...; Hwang Sujin Reporter 2025.11.28

Suspect Arrested in Phnom Penh for Torture and Murder of South Korean Student: (C) Human Rights Watch PHNOM PENH — Cambodian authorities have arrested the principal suspect in the high-profile case in ...; KO YONG-CHUL Reporter 2025.11.28

Korean War Ally, Reborn as an 'Economic Alliance' Across 70 Years: Chuncheon's 'Path of Reciprocity,' a Strategic: Chuncheon, Gangwon Special Self-Governing Province – The 'Friendship of Blood' forged between the Republic of Korea and Ethi ...; HONG MOON HWA Senior Reporter 2025.11.28

"Korean Restaurants Refusing 'Solo Diners' Sparks Controversy Over Regression; The Shadow of the 'Single Economy' Attracts International Attention": Korean Restaurants Refusing 'Solo Diners' Sparks Controversy Over Regression; The Shadow of the 'Single Economy' Attracts Internat ...; KO YONG-CHUL Reporter 2025.11.28

Farewell to France's Panda Royalty: Beloved Couple 'Huan Huan' and 'Yuan Zi' Return to China After 13 Years: (C) RFI PARIS, France — After 13 years as the undisputed star attractions of the French zoo scene, giant panda couple Huan ...; Global Economic Times Reporter 2025.11.26

Public Outcry: Repeated 'Fecal Incidents' by Chinese Tourists Spark Debate on South Korea's Tourism Management Failure: A series of highly disruptive and unsanitary behaviors, notably public defecation incidents linked to Chinese tourists, has ignite ...; Global Economic Times Reporter 2025.11.25

Cyber Synergy: Allegations of North Korean and Russian Hacking Groups Partnering Mark a New Threat Level: (C) NK News A recent analysis by a cybersecurity firm suggests a potentially unprecedented collaboration between state-sponsore ...; KO YONG-CHUL Reporter 2025.11.25

Landmark Verdict: 'Pastor's Room' Operator Kim Nok-wan Sentenced to Life Imprisonment for Largest Digital Sex Crime Case: In a landmark ruling that underscores the judiciary's stern response to digital sexual violence, a South Korean court has sentence ...; KO YONG-CHUL Reporter 2025.11.25

Nationwide ASF Crisis Alert Raised to 'Severe' After Outbreak Confirmed in Dangjin, South Chungcheong Province: (C) Daijiworld SEOUL— The South Korean government has escalated the nationwide African Swine Fever (ASF) crisis alert to ...; Global Economic Times Reporter 2025.11.25

Soaring Housing Hurdle: Seoul's Unprecedented Rise in 30-Something Houseless Households: (C) The Japan Times SEOUL — The struggle for homeownership in South Korea’s capital has reached a critical juncture ...; Global Economic Times Reporter 2025.11.24

U.S. 'Department of Government Efficiency' (DOGE), Led by Musk, Disbanded Early: (C) KPBS WASHINGTON, D.C. — The Department of Government Efficiency (DOGE), established under the second term of Presiden ...; Global Economic Times Reporter 2025.11.24

Korea's Kimchi Trade Deficit Deepens Despite Record Exports: (C) Taste South Korea’s kimchi trade is reaching new heights, but not entirely in the way policymakers would hope. While ...; KO YONG-CHUL Reporter 2025.11.24

North Korea Adopts AI for Weather Forecasting: A Closer Look at the Claimed Performance: (C) Medium Pyongyang, DPRK – North Korea's official media announced on Monday, November 24, that the country has introduc ...; Hwang Sujin Reporter 2025.11.24

EU Pushes US for Broader Tariff Exemptions on Key Goods: (C) Aerodoc Brussels/Berlin – The European Union (EU) is set to intensify its trade negotiations with the United States, ...; Yim Kwangsoo Correspondent 2025.11.23

Massive Container Ship Fire Hits Port of LA, Disrupting Operations: (C) KTLA LOS ANGELES — A major fire erupted aboard a large container ship docked at the Port of Los Angeles (LA), the Uni ...; Eunsil Ju Reporter 2025.11.23

The Yoon Suk Yeol Dossier: President Indicted in Chae Sang-byeong Investigation Interference Case: SEOUL—In a landmark development, former President Yoon Suk Yeol has been indicted on charges of allegedly interfering with t ...; Hwang Sujin Reporter 2025.11.21

Ferry Accident Revives Sewol Tragedy Trauma in South Korea: Mokpo, South Jeolla Province – The grounding accident involving the passenger ferry Queen Zenobia 2 off the coast of Sinan, ...; Desk 2025.11.20

North Korea Publicly Executes ‘Big-Hand’ Business Couple Over ‘Arrogance’ and Anti-State Charges: A successful North Korean business couple, locally known as ‘Big Hands’ for their financial clout, were publicly execu ...; Yim Kwangsoo Correspondent 2025.11.20