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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UAE Becomes First Country to Formally Recognize Korean Medicine Practitioners: DUBAI—The United Arab Emirates has officially become the first nation to establish a formal licensure category for Korean Me ...; Hwang Sujin Reporter 2025.09.17

Kwon Seong-dong Arrested for Receiving 100 Million Won from Unification Church... Prosecution Cites "Concern over Evidence Destruction": Rep. Kwon Seong-dong of the People Power Party has been arrested on charges of receiving 100 million won from Yoon Young-ho, the f ...; KO YONG-CHUL Reporter 2025.09.17

Chile's 'Academic Achievement Bonus' Payment Status for 2025: SANTIAGO, Chile — The Chilean government will once again disburse the 'Bono Logro Escolar' (Academic Achievement Bonus) in 2 ...; Graciela Maria Reporter 2025.09.16

A Fall of Astronomy, Chile's Sky Is in Danger: The Atacama Desert in northern Chile, home to the clearest and purest skies in the world, is where world-class observatories like ...; Eugenio Rodolfo Sanabria Reporter 2025.09.16

Operación Triunfo Principal Supports Eurovision Boycott if Israel Participates: BARCELONA — Noemí Galera, the principal of the Spanish reality TV show "Operación Triunfo" (OT), has personall ...; Shin Yeju 2025.09.16

North Korea Expands Death Penalty for Contact with 'Hostile Nation' Information: According to a UN report, North Korea has significantly expanded its criteria for the death penalty over the past decade, intensif ...; Hwang Sujin Reporter 2025.09.16

2025 Daejeon Master Craftsman and Artisan Exhibition to Be Held for Four Days Starting September 17: The exhibition hall at Daejeon Artists' House is filled with works imbued with the soul of artisans. The City of Daejeon is holdin ...; HONG MOON HWA Senior Reporter 2025.09.16

Daejeon City Opens 'Re-Challenge & Innovation Campus' to Support Start-ups, Providing a Stepping Stone for Revival: A new space of hope for start-ups that have overcome failure and are getting back on their feet, the 'Re-Challenge & Innovatio ...; HONG MOON HWA Senior Reporter 2025.09.16

"2025 Hangeul International Pre-Biennale" Surpasses 20,000 Visitors in 14 Days: The 2025 Hangeul International Pre-Biennale is drawing significant attention, having surpassed 20,000 visitors just 14 days after ...; HONG MOON HWA Senior Reporter 2025.09.16

SIT Punggol Campus Opens, Students Say "Finally Feels Like a University": The Singapore Institute of Technology (SIT) has officially opened its new campus at the heart of the Punggol Digital District (PDD ...; Eugenio Rodolfo Sanabria Reporter 2025.09.15

Corruption Scandal: 5 Malaysian Immigration Officials Arrested, $1 Million in Assets Seized: A major organized corruption scandal involving immigration officials has sent shockwaves through Malaysia. The Malaysian Anti-Corr ...; Ana Fernanda Reporter 2025.09.15

E-cigarette smuggling from Singapore's Johor Bahru is on the rise… Young people exploited as 'part-timers': Singapore is facing a headache due to the rampant crime of e-cigarette smuggling from neighboring Johor Bahru, Malaysia. In partic ...; LEE YEON SIL Reporter 2025.09.15

IPS Elevates Patients' Quality of Life with Water: Expanding Hydrotherapy Services: The Institute of Social Provision (IPS) is revitalizing patient treatment and rehabilitation by expanding its hydrotherapy (Hidrot ...; Eugenio Rodolfo Sanabria Reporter 2025.09.15

Drought-stricken Gangneung to receive emergency water from Doam Dam after 24 years: GANGNEUNG — After a 24-year hiatus, the Doam Dam is set to provide emergency water to the city of Gangneung, which is curren ...; Kim Sungmoon Reporter 2025.09.14

Blind Traveler's Moving Experience in Mukho Goes Viral: MUKHO, Gangwon Province - Amid a series of complaints about unfriendly service and price gouging in popular tourist destinations l ...; Hwang Sujin Reporter 2025.09.14

Pro-North Korea Media Officials Sent to Prosecution on National Security Law Violations: SEOUL – Four individuals associated with the online media outlet Jajusibo have been referred to the prosecution on charges o ...; Global Economic Times Reporter 2025.09.14

Ex-President Chun's Final Resting Place Still Undecided: SEOUL—Former South Korean President Chun Doo-hwan, who will mark the fourth anniversary of his death this November, may fina ...; KO YONG-CHUL Reporter 2025.09.14

Global Mayors to Gather in Seoul to Discuss the Future of Major Cities: SEOUL – Mayors from over 70 major cities worldwide will convene in Seoul for a three-day event to discuss challenges and sol ...; Shin Yeju 2025.09.14

Daejeon’s ‘Zero O’clock Festival’ Draws 2.16 Million, Generating $300M in Economic Impact: DAEJEON — The Daejeon 0시 (Zero O'clock) Festival has cemented its status as a major success, attracting a remarkable 2.16 mi ...; HONG MOON HWA Senior Reporter 2025.09.14

Inha University's 2025 Engineering Festival Fosters Industry-Academia Collaboration: INCHEON – Inha University successfully hosted its '2025 Inha Engineering Festival' from September 9 to 11, bringing together ...; Min Gyu Mi Reporter 2025.09.13