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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Incheon's Gyeyang Bridge Reborn as 'Street of Light,' Fostering Urban Healing and Tourism: INCHEON – Gyeyang-gu, Incheon, has announced it will hold a lighting ceremony for the 'Gyeyang Araon Artway' on September 19 ...; Hwang Sujin Reporter 2025.09.13

Daejeon to Host 2025 Disabled Persons IT Challenge to Bridge Digital Divide: DAEJEON – The '2025 Disabled Persons IT Challenge,' an event aimed at strengthening the IT skills of people with disabilitie ...; HONG MOON HWA Senior Reporter 2025.09.13

Chungcheongnam-do Wins Bid to Host 110th National Sports Festival After 13-Year Hiatus: CHUNGCHEONGNAM-DO – South Chungcheong Province, or Chungcheongnam-do, has been officially selected as the host of the 110th ...; HONG MOON HWA Senior Reporter 2025.09.13

Incheon Commemorates 75th Anniversary of Historic Landing Operation with Maritime Tribute: INCHEON – Incheon Metropolitan City hosted a special event on Thursday to mark the 75th anniversary of the historic Incheon ...; Hwang Sujin Reporter 2025.09.13

Sambu E&C, Linked to Kim Keon-hee Stock Allegations, to Be Put Up for Public Tender: SEOUL – Sambu Engineering & Construction Co., a company currently undergoing corporate rehabilitation, has been ordered ...; KO YONG-CHUL Reporter 2025.09.13

South Koreans’ Vegetable Intake Plummets, Blaming 'Mushy' Eggplant: SEOUL – South Korea's reputation as a nation of vegetable lovers is now a thing of the past. The country, once the world's l ...; Shin Yeju 2025.09.13

Over 300 Koreans Return from U.S. Detention, Detailing 'Worst' Conditions: INCHEON – A group of 330 people, including 316 South Korean citizens, were reunited with their families at Incheon Internati ...; KO YONG-CHUL Reporter 2025.09.13

South Korea Launches Second Round of 'Consumer Coupons' to Boost Domestic Spending: The South Korean government is set to begin the second phase of its "Livelihood Recovery Consumer Coupon" program on September 22n ...; Hwang Sujin Reporter 2025.09.13

Rep. Kwon to Face Arrest Warrant Hearing, Judge Who Detained Ex-President Yoon to Preside: SEOUL—Rep. Kwon Seong-dong of the People Power Party is set to face a critical arrest warrant hearing on September 16, as he ...; KO YONG-CHUL Reporter 2025.09.13

‘Free at Last’: Korean Workers Greet Families, Recount ICE Ordeal: INCHEON — Eight days after being taken into custody during a U.S. immigration crackdown in Georgia, 316 South Korean workers ...; KO YONG-CHUL Reporter 2025.09.12

19 Minors Arrested in $5 Million Phishing Scheme, Police Warn Against Selling Accounts: UIJEONGBU – A sophisticated cybercrime ring that allegedly purchased online accounts from teenagers to carry out phishing sc ...; Desk 2025.09.12

Cho Kuk's Appeal for Reinstatement of Former Spokesperson Kang Mi-jeong Rejected Amidst Party Strife: SEOUL – The former spokesperson for the Cho Kuk Innovation Party, Kang Mi-jeong, has firmly rejected a public appeal from pa ...; Hwang Sujin Reporter 2025.09.12

People Power Party Lawmaker Kwon Seong-dong to Face Arrest Warrant Hearing on Illegal Political Funds Charges: SEOUL – People Power Party lawmaker Kwon Seong-dong is scheduled to appear before the Seoul Central District Court on Septem ...; KO YONG-CHUL Reporter 2025.09.12

Korea Grapples with Escalating Suicide Rates: 22nd Consecutive Year at the Top of the OECD: Seoul, South Korea - South Korea is once again facing a tragic and sobering reality: for the 22nd consecutive year, the nation hol ...; Hwang Sujin Reporter 2025.09.12

South Korea's COVID-19 Hospitalizations Soar into September, Marking 10-Week Surge: SEOUL - South Korea is grappling with a prolonged resurgence of COVID-19 as the number of hospitalized patients continues to climb ...; Desk 2025.09.12

KTO Launches 'Golden' Autumn Campaign to Attract Foreign Tourists: The Korea Tourism Organization (KTO) has announced the launch of a special autumn travel campaign, "Golden," aimed at showcasing S ...; KO YONG-CHUL Reporter 2025.09.12

'2025 Peak Time Festival' to Be Held in Cheonan, Co-Hosted by Cheonan City and Chungcheongnam-do: CHEONAN – The '2025 Peak Time Festival,' a nationwide youth festival, is set to take place on September 19 at the outdoor la ...; HONG MOON HWA Senior Reporter 2025.09.12

La estafa cibernética a gran escala golpea al Banco Ueno: una organización criminal es detenida tras robar 300 millones de guaraníes.: El alcance de uno de los mayores fraudes financieros en la historia de Paraguay se está revelando. Una organización ...; Graciela Maria Reporter 2025.09.12

El exárbitro de la Premier League, David Coote, acusado de posesión de pornografía infantil: El exárbitro de la Premier League inglesa, David Coote (43), ha sido acusado de posesión de pornografía infan ...; Desk 2025.09.12

Paraguay's President Justifies Support for Israel: A Mandate from the People: Asunción, Paraguay - President Santiago Peña of Paraguay has strongly defended his government's steadfast support fo ...; Ana Fernanda Reporter 2025.09.10