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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The 26th World Korean Community Leaders Convention Opens: New CEO Kim Kyung-hyup Stresses Unity for Homeland's Growth: SEOUL, South Korea – The 2025 World Korean Association Leaders Convention officially opened on September 29 at the Grand Wal ...; KO YONG-CHUL Reporter 2025.09.30

Trump Vows 100% Tariff on Foreign-Made Films: WASHINGTON—U.S. President Donald Trump announced on Monday that he would impose a 100% tariff on all movies produced outside ...; Global Economic Times Reporter 2025.09.30

Kakao Caves to User Outcry, Vows to Restore KakaoTalk's Core 'Friends List': SEOUL - South Korea’s tech giant Kakao has announced a swift and significant reversal of its highly controversial KakaoTalk ...; Hwang Sujin Reporter 2025.09.30

Ishiba's Final Diplomatic Push: Japan PM to Honor Symbol of Friendship in Busan Before Summit: BUSAN — Japanese Prime Minister Shigeru Ishiba is set to make a poignant diplomatic gesture in Busan on Monday, September 30 ...; Hwang Sujin Reporter 2025.09.30

Nursing Home Tied to Kim Keon-hee's Family Hit with 104-Day Suspension Over $1 Million Fraud: NAMYANGJU, South Korea—A nursing home in Namyangju, Gyeonggi Province, operated by the family of Kim Keon-hee, the wife of f ...; KO YONG-CHUL Reporter 2025.09.29

Audit Exposes Deep-Seated Flaws at South Korea's Central Data Center: SEOUL — A devastating fire on September 26 at South Korea’s National Information Resources Service (NIRS), which cause ...; Global Economic Times Reporter 2025.09.29

Lawmaker Calls for End to Government Ads for 'Fake News' Outlets After SkyDaily Controversy: A South Korean lawmaker is spearheading a push to stop government and public-sector advertising from being placed with media outle ...; KO YONG-CHUL Reporter 2025.09.29

Budget Constraints Hamper Disaster Recovery: Government Systems Crippled by Fire Two Years After Previous Outage: DAEJEON, South Korea – The recent fire at the National Information Resources Service (NIRS) data center in Daejeon has once ...; KO YONG-CHUL Reporter 2025.09.29

Kim Keon-hee Special Prosecutor Likely to Indict Kwon Seong-dong, Kim Sang-min This Week: The Min Joong-ki Special Prosecutor's Team, which is investigating allegations related to First Lady Kim Keon-hee, is expected to ...; KO YONG-CHUL Reporter 2025.09.29

Women Face Higher Depression Risk from Soft Drink Consumption, Study Suggests Gut Microbiome Link: FRANKFURT, GERMANY — A new study from researchers at Frankfurt University Hospital in Germany suggests that consuming soft d ...; Ana Fernanda Reporter 2025.09.29

Hangang Bus Service Suspended for One Month Following Repeated Mechanical Failures: SEOUL — The Seoul Metropolitan Government has announced a full, month-long suspension of passenger services for the newly la ...; KO YONG-CHUL Reporter 2025.09.28

Budget-Friendly Boom: China Emerges as Top Value Destination for South Korean Travelers: A significant shift is underway in South Korea's outbound travel market, with China rapidly emerging as a top-tier, budget-friendl ...; Kim Sungmoon Reporter 2025.09.28

Electric Dream a Reality: Hernandarias Leads Paraguay’s Green Transport Revolution: Hernandarias, Alto Paraná—The shift to sustainable urban transport in Paraguay has hit a decisive milestone, with the ...; KO YONG-CHUL Reporter 2025.09.28

Migraciones y la Embajada de Corea coordinan acciones para facilitar la radicación de inversionistas extranjeros: En el marco de la política gubernamental orientada a atraer inversiones extranjeras mediante la desburocratización d ...; Yim Kwangsoo Correspondent 2025.09.28

Long-Haul Flight 'Thunderbolt'? Eastar Jet Completely Bans In-Flight Power Bank Charging: Inconvenience is expected for some long-haul flight passengers starting next month. This is because Eastar Jet is implementing a m ...; Shin Yeju 2025.09.28

Korea Communications Commission Dissolved After 17 Years, Replaced by New Broadcasting and Media Body: Seoul, South Korea — South Korea’s media landscape is set for a dramatic overhaul as the Korea Communications Commissi ...; KO YONG-CHUL Reporter 2025.09.28

How Gen Z Is Giving Hanbok a 'Hip' Makeover: A khaki-colored bolero, inspired by the traditional Korean jacket called the jeogori, paired with straight-leg black jeans. A nori ...; Hwang Sujin Reporter 2025.09.27

Deadly Blast Rocks Yangju Jjimjilbang, Injuring 28: YANGJU, GYEONGGI PROVINCE—A routine task at a public bathhouse turned disastrous on Saturday morning when a Liquefied Petrol ...; KO YONG-CHUL Reporter 2025.09.27

Fire Disrupts Digital ID and Government Services, KAC Urges Travelers to Carry Physical ID: SEOUL, South Korea – The Korea Airports Corporation (KAC) has released a mandatory public announcement asking all passengers ...; Hwang Sujin Reporter 2025.09.27

Wall Street Figure Howard Rubin Arrested on Sex Trafficking, Abuse Charges: NEW YORK — Retired Wall Street financier Howard Rubin, 70, was arrested on Friday, September 26, 2025, on federal charges of ...; Eugenio Rodolfo Sanabria Reporter 2025.09.27