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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North Korean Hacker 'Kimsuky' Computer Hacked... Evidence of Infiltration into South Korean Government and Businesses Found: A working computer belonging to a hacker from the North Korean hacking organization 'Kimsuky' has reportedly been infiltrated by e ...; KO YONG-CHUL Reporter 2025.08.13

The arrest of Kim Keon-hee and the start of a new phase in the special counsel investigation: a comprehensive probe into alleged government interference: The special counsel team, led by Special Prosecutor Min Joong-ki, has successfully secured an arrest warrant for Kim Keon-hee, off ...; KO YONG-CHUL Reporter 2025.08.13

TASHU Bicycles, Cotton Candy, and a Kkumdori Keyring! Unique Booths at the Daejeon 0 O'Clock Festival Gain Attention: A unique experiential booth utilizing Daejeon's public bicycle service, Tashu, is gaining significant popularity at the 2025 Daeje ...; Hwang Sujin Reporter 2025.08.12

"ON:CHUNGNAM" Finale Lights Up Boryeong Mud Festival, Showcasing the Present State of Local Music Creation: On August 9th and 10th, the Boryeong Mud Festival, Korea's representative summer festival, was filled with the heat of music. The ...; HONG MOON HWA Senior Reporter 2025.08.12

2025 Daejeon 0-si Festival Attracts 870,000 Visitors in First Three Days, Setting a New Record: The unprecedented success of the 2025 Daejeon 0-si Festival was driven by unusually cool weather in early August and an increase i ...; KO YONG-CHUL Reporter 2025.08.12

Korea and Vietnam Forge Stronger Strategic Ties: SEOUL – In a meeting that underscored the deepening relationship between the Republic of Korea and Vietnam, Prime Minister K ...; KO YONG-CHUL Reporter 2025.08.12

East Asian Agricultural Ministers Reconvene After Seven-Year Hiatus to Confront Regional and Global Challenges: Incheon, South Korea—Agricultural ministers from South Korea, China, and Japan convened in a landmark meeting today, marking ...; Desk 2025.08.11

Statistics Korea Seeks 29,828 Field Staff for 2025 Census: Statistics Korea announced on Monday, August 11, that it is recruiting 29,828 field staff to conduct the 2025 Population and Housi ...; KO YONG-CHUL Reporter 2025.08.11

South Korea and Vietnam Enhance Cooperation in Energy and Supply Chains: SEOUL – South Korea and Vietnam have agreed to significantly expand their cooperation in the fields of industry, supply chai ...; Hwang Sujin Reporter 2025.08.11

DAEJEON CITY CONFIRMS FIRST JAPANESE ENCEPHALITIS MOSQUITO OF THE YEAR ‘Warning to be Cautious of Mosquito Bites’: The Daejeon Institute of Health and Environment has issued a special warning to citizens after confirming the first 'Culex tritaen ...; HONG MOON HWA Senior Reporter 2025.08.10

Daejeon City and Nanjing City Forge Friendship Through International Sports Exchange: Daejeon and Nanjing City in China are actively continuing their exchange through the '2025 Daejeon-Nanjing International Sports In ...; HONG MOON HWA Senior Reporter 2025.08.10

Korea Faces Colon Cancer Crisis; Early Screening Urged: South Korea is grappling with a significant public health challenge, holding the unenviable distinction of having the highest colo ...; KO YONG-CHUL Reporter 2025.08.08

Prosecution's Efforts Intensify Ahead of Kim Keon-hee's Arrest Warrant Hearing: SEOUL – The special prosecutor's office is intensifying its efforts to prove the necessity of arresting First Lady Kim Keon- ...; ONLINE TEAM 2025.08.08

The Rising Cost of Car Insurance: The Culprit is Insurance Fraud: A recent report by Hana Financial Research Institute titled "Insurance Fraud, the Main Culprit of My Rising Premiums" highlights a ...; Hwang Sujin Reporter 2025.08.08

Migrant Worker Critically Injured in Electrocution at POSCO E&C Site: GWANGMYEONG, GYEONGGI-DO — A tragic incident at a POSCO E&C construction site in Gwangmyeong, Gyeonggi-do, has once agai ...; KO YONG-CHUL Reporter 2025.08.08

Number of Patients Reporting Abnormal Symptoms After a Back Pain Procedure at a Gangneung Medical Facility Rises to 22: GANGNEUNG — An investigation is underway at a medical facility in Gangneung, South Korea, following a reported cluster of in ...; Hwang Sujin Reporter 2025.08.08

Gyeongju and Mungyeong Tapped as New Pilot Education Development Zones, Boosting Regional Education and Economy: Gyeongju and Mungyeong, key cities in Gyeongsangbuk-do, have been newly selected as 'Pilot Education Development Zones,' a signifi ...; Hwang Sujin Reporter 2025.08.08

A 77-year-old Argentine guide who went missing in a Paraguayan national park was found dead after six days.: Wenceslao Benoit, a 77-year-old Argentine tour guide who went missing in a Paraguayan national park on the 1st, was found dead aft ...; Eugenio Rodolfo Sanabria Reporter 2025.08.08

Special Counsel's Second Attempt to Arrest Ex-President Yoon Suk Yeol Fails Amid Stubborn Resistance: SEOUL—A special counsel team investigating allegations against former First Lady Kim Keon-hee has once again failed to execu ...; KO YONG-CHUL Reporter 2025.08.07

Itaipu Transfers Decline Through July... Sharp Drop in Power Cession Compensation Cited as Cause: ASUNCIÓN - The amount of money transferred from the Itaipu Hydroelectric Power Plant, one of Paraguay's main sources of rev ...; Ana Fernanda Reporter 2025.08.06