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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"Give Me Back My KakaoTalk": Super App Revamp Sparks User Fury, Sends Stock Tumbling: SEOUL — KakaoTalk, South Korea's ubiquitous "National Messenger," is facing a fierce backlash from users following a major i ...; Hwang Sujin Reporter 2025.09.27

National Data Center Fire: 647 Government Systems Down, Naver Steps in to Assist: DAEJEON — A fire at the National Information Resources Service (NIRS) in Daejeon, the central hub for South Korea's administ ...; KO YONG-CHUL Reporter 2025.09.27

Korea's Brain Drain Concern: Over Half of Gen Z Job Seekers Prefer Overseas Work: A recent survey by the recruitment platform JinHakSa Catch reveals a striking preference among South Korea's Z-generation job seek ...; Hwang Sujin Reporter 2025.09.26

Korean Pharmaceutical Association Rejects Trump's Claim on Tylenol and Autism: SEOUL — The Korean Pharmaceutical Association (KPA) has publicly refuted President Donald Trump's recent claim that pregnant ...; KO YONG-CHUL Reporter 2025.09.25

Cholesterol: Debunking the Myths for a Healthier You: Many people misunderstand cholesterol's role in the body, often believing it's a simple case of "the lower, the better." However, ...; KO YONG-CHUL Reporter 2025.09.25

2025 Daejeon Fashion Collection a huge success : 900 spectators, 160 works by local designers and students on stage: On the evening of September 25, Daejeon City held the '2025 Daejeon Fashion Collection' at the circular plaza of the Hanbat Arbore ...; HONG MOON HWA Senior Reporter 2025.09.25

Daejeon Hosts First International Medical Imaging Conference in South Korea: DAEJEON – The 28th International Conference on Medical Image Computing and Computer Assisted Intervention (MICCAI 2025), a l ...; HONG MOON HWA Senior Reporter 2025.09.25

Trump Faces Equipment Glitches at the UN: During his visit to the United Nations for the General Assembly, President Donald Trump experienced a series of frustrating techni ...; Global Economic Times Reporter 2025.09.24

U.S. Stock Daytime Trading to Resume Sequentially from November After Year-Long Suspension: U.S. stock daytime trading services, which have been suspended for over a year, will resume sequentially starting in November. Fin ...; Global Economic Times Reporter 2025.09.24

Microsoft Launches Initiative to Boost AI Literacy for Korean Educators: SEOUL – Microsoft has announced a new initiative to enhance the AI capabilities of K-12 educators in South Korea, following ...; Hwang Sujin Reporter 2025.09.24

Seoul Launches Driverless Shuttle Service in City Center: SEOUL – The Seoul Metropolitan Government officially launched its first regular autonomous shuttle service, the Cheonggye A0 ...; Desk 2025.09.24

Becal Supports the Dream of Studying Abroad: A bold challenge for the future begins. The "Carlos Antonio López National Scholarship Program (Becal)," supported by the P ...; Pedro Espinola Special Correspondent 2025.09.23

Floating Hospital Ship, Paraguay's 'Moving Hospital,' Provides Medical Aid to Riverside Villages: The floating hospital ship 'Capitán Ingeniero Carlos Cubas,' which navigates the Paraguay River, has completed its fifth me ...; Eugenio Rodolfo Sanabria Reporter 2025.09.23

'Child Sexual Assault, Consent is Invalid': Prosecutor Vivian Coronel Emphasizes the Culture of Silence and Solutions for Child-Targeted Sexual Crimes: The issue of child sexual assault in Paraguay has reached a serious level. Experts say that a change in social awareness and insti ...; KO YONG-CHUL Reporter 2025.09.23

A Celebration of Youth, Asunción's 'Fiesta Guasu': Palma Street, in the heart of Asunción, Paraguay, was filled with youthful energy and vibrant colors. Last Sunday, the 'Fie ...; Desk 2025.09.23

Giant trees in Paraguay are recognized as 'Paraguayan Heritage': The gigantic trees standing tall in the Chaco and Concepción regions of Paraguay are being recognized as 'Paraguayan Herita ...; Hwang Sujin Reporter 2025.09.23

Five Paraguayan students to pursue master's degrees with Turkish government scholarships: Five female students from Paraguay will fulfill their dream of studying in Türkiye through the Turkish government's 'Becas T& ...; Hwang Sujin Reporter 2025.09.23

Fitch Maintains Uruguay's 'BBB' Rating; Economic Strengths and Risks Coexist: On September 22, 2025, Fitch maintained Uruguay's credit rating at 'BBB' with a 'stable' outlook. This means that Uruguay is class ...; Global Economic Times Reporter 2025.09.23

Unification Church Head Han Hak-ja Arrested in Growing Corruption Scandal: SEOUL—In a dramatic turn for the Unification Church, its leader, Han Hak-ja, was arrested on Tuesday, a pivotal moment in th ...; KO YONG-CHUL Reporter 2025.09.23

APEC Summit: Gyeongju Hosts, but Seoul Poised to Be the Stage for Crucial Bilateral Talks: SEOUL—As the ancient city of Gyeongju prepares to host the 2025 APEC Economic Leaders' Meeting in late October, a curious de ...; Hwang Sujin Reporter 2025.09.22