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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252 Studies Presented: National University of Asunción Holds Young Researchers Congress: The National University of Asunción (UNA) successfully kicked off its 19th Congress of Young Researchers and Innovators (JJ ...; Greace Nunez Correspondent 2025.08.06

President of Paraguay: "Surge in Beef Prices Has Eroded the Purchasing Power of the Poor": During the first anniversary ceremony of the "Zero Hunger" program, Paraguayan President Santiago Peña officially acknowled ...; Global Economic Times Reporter 2025.08.06

Tagalog vs. Filipino: What's the Difference?: If you get the chance to travel to the Philippines' capital, Manila, and converse with locals, you'd likely assume the language th ...; Global Economic Times Reporter 2025.08.05

"Your Hands Can Save a Heart: Cardiopulmonary Resuscitation (CPR), A Life-Saving Training for the Heart": In 2024, Christina Fores, a volunteer at a church in the Philippines, was required to undergo cardiopulmonary resuscitation (CPR) ...; Graciela Maria Reporter 2025.08.05

Daejeon City Launches 2025 Social Survey to Improve Citizen Quality of Life: Daejeon City is conducting its "2025 Daejeon Social Survey" until September 12 to better understand citizens' quality of life and ...; HONG MOON HWA Senior Reporter 2025.08.04

Screen Time Soars, Teen VDT Syndrome on the Rise: A growing number of teenagers are experiencing a surge in physical and mental ailments commonly associated with prolonged use of d ...; Hwang Sujin Reporter 2025.08.02

COVID-19 Hospitalizations on the Rise in South Korea, Health Officials Urge Caution: SEOUL – South Korea is grappling with a new surge in COVID-19 hospitalizations, with official data from the Korea Disease Co ...; KO YONG-CHUL Reporter 2025.08.02

Flight Attendants Sue Boeing Over Mid-Air Panel Blowout: SEATTLE — Four flight attendants who were on board Alaska Airlines Flight 1282 when a door plug blew off in mid-air last Jan ...; Hannah Yeh Reporter 2025.08.02

Independence Hall to Host Diverse Commemorative Events for the 80th Anniversary of Gwangbokjeol: To celebrate the 80th anniversary of Gwangbokjeol (National Liberation Day of Korea), the Independence Hall of Korea has prepared ...; HONG MOON HWA Senior Reporter 2025.08.01

Special Prosecutor Attempts to Enforce Arrest Warrant for Former President Yoon Suk Yeol in 'Kim Keon Hee Special Prosecutor' Case: As former President Yoon Suk Yeol failed to comply with the summons from the 'Kim Keon Hee Special Prosecutor,' the special prosec ...; KO YONG-CHUL Reporter 2025.08.01

Former Minister Lee Sang-min Arrested for Involvement in Illegal Martial Law Decree, Ordering Power and Water Cuts to Media Outlets: On December 3, 2024, former Minister of the Interior and Safety, Lee Sang-min, was arrested on charges of actively participating i ...; KO YONG-CHUL Reporter 2025.08.01

75th Commemoration Ceremony for Student Soldiers Killed in Action at Hwagae Battle Held to Honor Noble Sacrifice: On the 25th, the '75th Commemoration Ceremony for Student Soldiers Killed in Action at the Hwagae Battle' was solemnly held at the ...; Hwang Sujin Reporter 2025.07.31

Daejeon Transportation Corporation Boosts 0 O'Clock Festival Atmosphere and Showcases City's Charm with 'Kkumssi Themed Train': Daejeon Transportation Corporation will operate the 'Kkumssi Themed Train' for the 'Daejeon 0 O'Clock Festival,' held from August ...; HONG MOON HWA Senior Reporter 2025.07.31

Hanbat Arboretum's Wooden Architecture: International Designs Hint at a New Landmark for Daejeon: Daejeon City announced today, July 31, that it has selected 5 outstanding works out of 15 submissions in the conceptual design com ...; HONG MOON HWA Senior Reporter 2025.07.31

Jeonju City Offers Six Public Wedding Venues to Ease Financial Burden on Young Couples: JEONJU – Jeonju City announced today a new initiative, "Wedding in Jeonju," aimed at alleviating the financial burden of wed ...; Kim Sungmoon Reporter 2025.07.30

Number of Foreign Residents in Korea Hits Record High of 2.73 Million, Impact on Economy and Society Noted: Seoul, July 29, 2025 – The number of foreign nationals residing in Korea for various purposes such as study, work, and touri ...; Hwang Sujin Reporter 2025.07.29

"That Guy's Voice" Caught by AI…Telecoms Declare War on New Financial Scams: In response to increasingly sophisticated financial scams like voice phishing and smishing, South Korea's three major mobile carri ...; Hwang Sujin Reporter 2025.07.29

Korea-Japan Visa Unification Expected to Attract 1.84 Million Additional Tourists: A recent analysis suggests that if Korea and Japan were to unify their tourist visa systems, South Korea alone could see an additi ...; KO YONG-CHUL Reporter 2025.07.29

Wedding Costs: Deepening Regional Disparity… Gangnam Exceeds National Average by ₩13 Million: For couples planning to marry, wedding expenses remain a significant burden, with regional disparities becoming particularly prono ...; Hwang Sujin Reporter 2025.07.29

President Lee Jae-myung pushes for special promotions for officials who were 'passive in illegal orders'... emphasizes tax normalization and support for re-establishment.: President Lee Jae-myung has ordered special promotions for officials who were passive in following illegal and unjust orders durin ...; KO YONG-CHUL Reporter 2025.07.28