Global Economic Times

2026.07.22 (Wed)
All articles

LOGIN
JOIN

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

Synthesis

Search: 3,740

Bucheon City Weaves Art and Mental Wellness, Empowering Youth to Find Their Inner Courage: BUCHEON – In an innovative effort to foster mental wellness and emotional expression among its youngest residents, Bucheon C ...; KO YONG-CHUL Reporter 2025.08.22

Ex-Presidential Candidate with 17 Convictions Arrested on New Fraud Charges: SEOUL – Song Jin-ho, a former independent presidential candidate, has been placed under arrest and detention on charges of i ...; Hwang Sujin Reporter 2025.08.22

Former Prime Minister Han Duck-soo Reverses Testimony in Martial Law Probe, Faces Imminent Arrest: SEOUL — In a dramatic twist to the ongoing investigation into the "December 3 illegal martial law" case, former Prime Minist ...; KO YONG-CHUL Reporter 2025.08.22

South Korea Takes Bold Step to Secure Youth's Financial Future: SEOUL—In a proactive move to address the looming crisis of youth pension insecurity, the South Korean government is set to l ...; Desk 2025.08.22

Daejeon Zero O'Clock Festival Sheds 'No-Fun City' Moniker, Becomes Representative Korean Festival with 2.16 Million Visitors: The 2025 Daejeon Zero O'Clock Festival has successfully concluded, attracting 2.16 million visitors. The downtown area of Daejeon ...; HONG MOON HWA Senior Reporter 2025.08.21

Geopolitical Tensions Flare as Nepal Reasserts Sovereignty Over Disputed Territories: KATHMANDU — In a decisive move that underscores escalating geopolitical tensions in the Himalayas, Nepal’s Ministry of ...; Ana Fernanda Reporter 2025.08.21

Indonesia's Stock Market Surges as BI's Fourth Rate Cut Fuels Property and Consumer Rally: JAKARTA – In a move that sent a wave of optimism across the Jakarta Stock Exchange (BEI), Bank Indonesia (BI) unexpectedly a ...; Ana Fernanda Reporter 2025.08.21

President Lee Commits to Backing Businesses, Strengthening Global Competitiveness at Inaugural Ceremony: SEOUL – In a grand ceremony that symbolically replaced his official inauguration, President Lee Jae-myung has outlined a vis ...; KO YONG-CHUL Reporter 2025.08.20

South Korean Supermarkets Hail Success of 'Living Coupons,' Push for Permanent System: SEOUL — The Korean Supermarket Cooperative Federation (KSCF) has reported overwhelming success with the initial distribution ...; Hwang Sujin Reporter 2025.08.20

Gangneung's Night Markets Emerge as Major Tourist Attractions, Revitalizing the Local Economy: GANGNEUNG—Night markets are lighting up the city of Gangneung, drawing large crowds of residents and tourists and bringing a ...; KO YONG-CHUL Reporter 2025.08.18

South Korean Police Crack Down on 'Fixie' Bicycles: SEOUL — The National Police Agency of South Korea has announced a major crackdown on fixie bikes, a popular type of bicycle ...; Hwang Sujin Reporter 2025.08.18

Seoul Cracks Down on Unsanitary Restaurants Amid Summer Heat: SEOUL — The Seoul Metropolitan Government has revealed that it inspected 1,985 restaurants during the high-risk summer seaso ...; Desk 2025.08.18

LA Korean Education Center - Gyeongbuk Office of Education, Korean Culture Class Training Successfully Held in the U.S.: The LA Korean Education Center (Director Kang Jeon-hoon) and the Gyeongsangbuk-do Office of Education (Superintendent Lim Jong-sik ...; KO YONG-CHUL Reporter 2025.08.14

First Lady's Influence-Peddling Scandal: Gifts for Positions: SEOUL — A scandal of unprecedented scale is unfolding, alleging that First Lady Kim Keon-hee received millions of dollars in ...; KO YONG-CHUL Reporter 2025.08.14

Ex-Defense Minister Kim Yong-hyun Accused of Bypassing Military Chain of Command: SEOUL — A special prosecution team investigating the December 3rd state of emergency has reportedly uncovered evidence sugge ...; KO YONG-CHUL Reporter 2025.08.13

Polar Researchers Identify Natural 'Cooling' Mechanism in the Arctic: SEOUL — The Korea Polar Research Institute (KOPRI) has announced the discovery of a natural feedback mechanism in the Arctic ...; Yim Kwangsoo Correspondent 2025.08.13

Fighting the Drunk: Firefighter Activity Disruption Is on the Rise: Disruptions to the on-site activities of Seoul firefighters are an annual occurrence, and eight out of ten perpetrators are intoxi ...; Hwang Sujin Reporter 2025.08.13

Democrats Push to Pass 'Judicial Reform Bill,' Including Expanding Supreme Court Justices to 30, Before Chuseok: The Democratic Party of Korea has announced its goal to pass a judicial reform bill, which includes increasing the number of Supre ...; Desk 2025.08.13

I will translate the provided Korean text into English. I will ensure the translation is accurate and maintains the original tone and context.: The U.S. State Department’s 2024 Country Reports on Human Rights Practices have raised concerns about restrictions on press ...; KO YONG-CHUL Reporter 2025.08.13

A million foreign talents can drive 6% GDP growth: KCCI report says increasing registered foreigners is key to economic revitalization.: According to a report titled "Analysis of the Economic Effects of Attracting Foreign Citizens," co-researched by the Korea Chamber ...; Hwang Sujin Reporter 2025.08.13