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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Hangeul School Future Forum Reaffirms Hangeul as the 'Root of Hallyu' on 579th Anniversary of Hunminjeongeum Proclamation: SEOUL - A forum was recently held in Seoul to commemorate the 579th anniversary of the proclamation of Hunminjeongeum (the origina ...; KO YONG-CHUL Reporter 2025.10.04

Hate Protests: A Test of South Korean Democracy - Learning from Japan's Response: SEOUL, South Korea - South Korea is currently grappling with a rise in anti-China protests led by far-right groups, an unsettling ...; KO YONG-CHUL Reporter 2025.10.04

'K-Culture' Tourists Face Korean Reality: Surge in Complaints Over Taxis and Shopping: SEOUL — The immense global popularity of K-Content, spanning everything from K-pop to K-dramas, has driven a massive wave of ...; KO YONG-CHUL Reporter 2025.10.04

China's Tsinghua University Tops Global Computer Science Rankings, Signaling a Shift in Tech Dominance: In a significant sign of China's intensifying efforts toward 'technology self-reliance' (Jishu Gǔnqǐ), Tsinghua University in Beij ...; Graciela Maria Reporter 2025.10.04

Mother Receives Suspended Sentence for Instigating Assault on Son's Bullies: Seoul, South Korea — In a case that has highlighted the explosive issue of school violence and parental involvement in South ...; Hwang Sujin Reporter 2025.10.04

Still 'Human' in the Loop: Yale Study Downplays AI Job Shock: NEW YORK — The widespread anxiety that artificial intelligence (AI) will cause mass job displacement is likely exaggerated, ...; Global Economic Times Reporter 2025.10.03

South Korean Unification Church Leader Faces Imminent Indictment in Major Lobbying Scandal: SEOUL, South Korea—The special counsel investigation into a massive lobbying scandal centered on the Unification Church, whi ...; Global Economic Times Reporter 2025.10.03

ROK Embassy in France Unveils Logo and Slogan for 140th Anniversary of Diplomatic Ties: PARIS, France – The Embassy of the Republic of Korea in France officially unveiled the commemorative logo and slogan for the ...; Hee Chan Kim Reporter 2025.10.03

South Korean Judiciary Under Fire for 'Light' Drunk Driving Discipline: SEOUL, South Korea—A recent audit has exposed a pattern of leniency in the disciplinary actions taken by South Korea's judic ...; Hwang Sujin Reporter 2025.10.03

South Korean Presidential Office Strongly Refutes 'Lost 48 Hours' Claim on Data Center Fire Response: SEOUL - The South Korean Presidential Office on Friday strongly condemned the claim by People Power Party lawmaker Joo Jin-woo tha ...; KO YONG-CHUL Reporter 2025.10.03

South Korean Public Overwhelmingly Rejects US $350 Billion Prepayment Demand in Tariff Talks: SEOUL—A public opinion poll released on October 3, 2025, indicates that a vast majority of South Koreans—eight out of ...; Hwang Sujin Reporter 2025.10.03

S. Korean Official Involved in National Network Recovery Dies by Suicide: SEJONG/SEOUL- A Ministry of the Interior and Safety (MOIS) official, who was on the team managing the aftermath of a massive natio ...; Global Economic Times Reporter 2025.10.03

“Pledge to Consolidate Capabilities for Peace and Prosperity of the Republic of Korea”… World Korean Community Leaders Convention Closes: The 2025 World Korean Community Leaders Convention successfully concluded on the afternoon of the 1st at the Grand Walkerhill Hote ...; KO YONG-CHUL Reporter 2025.10.02

Evolutionary 'Wellness Insurance': New Study Links Morning Sickness to Immune Defense: LOS ANGELES — The mystery behind morning sickness, the debilitating nausea and aversion to certain smells and foods that aff ...; Graciela Maria Reporter 2025.10.02

President Lee Pledges Historic Reforms for Overseas Koreans: Dual Citizenship Age Cut and Voting Access Overhaul: SEOUL—President Lee Jae-myung announced sweeping reforms aimed at enhancing the rights and participation of the estimated 7 ...; KO YONG-CHUL Reporter 2025.10.02

Lee-Ishiba Summit Reaffirms Denuclearization, Bolsters Social Cooperation: In their third summit meeting, South Korean President Lee Jae-myung and Japanese Prime Minister Ishiba Shigeru met in Busan on Sep ...; Yim Kwangsoo Correspondent 2025.10.01

Smart Transition: Asiana Miles Holders Gain New Options as Korean Air Merger Nears: SEOUL, South Korea—Korean Air (KAL) has finally unveiled the integration plan for Asiana Airlines mileage ahead of the merge ...; Desk 2025.10.01

South Korea to Acquire U.S. Airborne Early Warning Aircraft in $2.3 Billion Deal: Seoul, South Korea - South Korea has selected U.S. defense company L3 Harris as the preferred bidder for its second phase Airborne ...; KO YONG-CHUL Reporter 2025.09.30

China's R&D Spending Eclipses South Korea's Entire Government Budget: China's total spending on research and development (R&D) in the past year reached a colossal 715.1 trillion South Korean won ( ...; Global Economic Times Reporter 2025.09.30

Chungcheongnam-do Participates in 'Tourism EXPO Japan'... Promotes Baekje Culture and West Coast Charm: Chungcheongnam-do participated in 'Tourism EXPO Japan 2025 Aichi/Chubu Hokuriku,' held for four days from the 25th to the 28th at ...; KO YONG-CHUL Reporter 2025.09.30