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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Kevin Kim Named US Chargé d’Affaires in Seoul, Focus on Alliance and APEC: Seoul, South Korea—The U.S. Embassy in Seoul formally announced on Monday, October 27, 2025, the appointment of Kevin Kim as ...; Hwang Sujin Reporter 2025.10.28

South Korea and Cambodia Launch Joint Task Force to Combat Scams: Kuala Lumpur, Malaysia—South Korean President Lee Jae-myung and Cambodian Prime Minister Hun Manet held a summit in Kuala Lu ...; Global Economic Times Reporter 2025.10.27

Trade Talks Hit Snag: US $350 Billion Investment Gap Clouds APEC Breakthrough: Gyeongju, South Korea — Hopes for a grand trade agreement breakthrough between South Korea and the United States at the upco ...; KO YONG-CHUL Reporter 2025.10.27

Suspects Arrested in Audacious Louvre Jewel Heist: Paris, France—Two suspects in the audacious daylight theft of royal jewels from the Louvre Museum have been apprehended by F ...; Graciela Maria Reporter 2025.10.27

Inter-regional Bus Connects Cheongju International Airport to Gongju and Buyeo, Improving Foreign Tourist Access: The provinces of Chungcheongnam-do (South Chungcheong) and Chungcheongbuk-do (North Chungcheong) have inaugurated a pilot operatio ...; Desk 2025.10.27

Korea to Reinstate 'Labor Day' on May 1st, Eyes Public Holiday Status: SEOUL — May 1st, currently recognized as 'Laborer's Day' (Geunroja-eui Nal), is set to revert to its original designation, ' ...; Global Economic Times Reporter 2025.10.27

Special Counsel to Probe South Korean Prosecution's Internal Misconduct: A Catalyst for Reform?: SEOUL — In a landmark decision poised to fuel the nation's ongoing debate on judicial and prosecutorial reform, the Ministry ...; Yim Kwangsoo Correspondent 2025.10.27

Rival Parties Pass 70-Plus Public Welfare Bills, Including 'Emergency Room Loitering Prevention Act': Summary: The National Assembly, with bipartisan agreement, passed over 70 public welfare bills, including one to improve emergency ...; Yim Kwangsoo Correspondent 2025.10.27

ROK President Lee Faces Major Diplomatic Test with APEC Super Week: President Lee Jae-myung of the Republic of Korea is about to embark on a "diplomatic super week," hosting and engaging in a series ...; KO YONG-CHUL Reporter 2025.10.25

Melody in the OR: Parkinson's Patient Plays Clarinet During Brain Surgery: London, UK – In an extraordinary scene at King's College Hospital, the strains of a clarinet echoed through an operating the ...; Graciela Maria Reporter 2025.10.22

Korean Expatriates in Cambodia Face Economic Crisis and Anti-Korean Sentiment Amid Crime Wave: PHNOM PENH — The Korean expatriate community in Cambodia is facing a dual crisis of economic hardship and escalating anti-Ko ...; KO YONG-CHUL Reporter 2025.10.22

S. Korea Ramps Up Cybersecurity with Sweeping Measures: In a decisive move to counter the rising wave of cyberattacks, the South Korean government, led by Deputy Prime Minister and Minis ...; KO YONG-CHUL Reporter 2025.10.22

WestJet Sparks Outcry with Paid Recline Option on Economy Seats: CALGARY, AB—Canadian low-cost carrier (LCC) WestJet has ignited a fierce debate after confirming plans to convert the reclin ...; Hwang Sujin Reporter 2025.10.21

U.S. H-1B Visa Fee Hike: New $100,000 Charge Primarily Targets Overseas Applicants: SEOUL/WASHINGTON D.C. — The controversial $100,000 fee increase for the U.S. H-1B specialty occupation visa, announced last ...; Eunsil Ju Reporter 2025.10.21

NATO Deputy Secretary General Pledges to Strengthen Substantive Cooperation with South Korea, Including Defense Industry: SEOUL - Radmila Šekerinska, Deputy Secretary General of the North Atlantic Treaty Organization (NATO), announced her intent ...; KO YONG-CHUL Reporter 2025.10.20

Four Daegu Districts Launch 'Cultural Heritage Exploration Team': Daegu, South Korea – Four basic local governments in Daegu – Dong-gu, Buk-gu, Suseong-gu, and Dalseo-gu – have j ...; Shin Yeju 2025.10.20

Early Winter Chill Grips South Korea as Seoraksan Sees First Snow: An abrupt blast of early winter cold has swept across South Korea, bringing the season's first snowfall to Mount Seorak and plungi ...; KIM YOUNG MIN 2025.10.20

Cargo Jet Overshoots Runway, Crashes into Sea at HK Airport; Two Ground Staff Killed: HONG KONG – A tragic accident at Hong Kong International Airport (HKIA) early Monday morning left two ground staff dead afte ...; Ana Fernanda Reporter 2025.10.20

Seegene Medical Foundation Marks 35th Anniversary with Move to Cutting-Edge Seegene Medical Tower: SEOUL — Seegene Medical Foundation (SMF), a specialized medical institution for disease testing and diagnostics, announced t ...; Hwang Sujin Reporter 2025.10.20

'Prince Group,' Alleged Backer of Cambodian Crimes, Holds $66M in South Korean Banks: SEOUL, October 20, 2025 - The 'Prince Group,' an organization accused of orchestrating large-scale crimes in Cambodia including on ...; KO YONG-CHUL Reporter 2025.10.20