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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The Misconception That Avoiding Only Beer Is Enough Can Worsen Gout: Gout is not merely a condition that causes pain. Misconceptions and complacent responses can exacerbate gout and lead to serious c ...; Greace Nunez Correspondent 2025.07.21

Former Minister Lee Jong-sup "Admits Phone Call with Yoon Immediately Before Suspending Transfer of Chae Sang-byeong Case… But Claims No Direct Orders": Former Minister of National Defense Lee Jong-sup today, the 21st, admitted to having a phone conversation with former President Yo ...; Hwang Sujin Reporter 2025.07.21

Kim Keon-hee's Master's and Doctoral Degrees Both Invalidated: Former President Yoon Suk-yeol's wife, Kim Keon-hee, has had her doctoral degree from Kookmin University definitively invalidated. ...; Hwang Sujin Reporter 2025.07.21

First Lady Kim Keon-hee Summoned for Special Counsel Investigation into Widespread Allegations Including Stock Manipulation, Geonjinbeopsa, and Nomination Interference... Former President Yoon Seok-yeol Also to Be Investigated: The Special Counsel Team led by Min Jung-ki, which is investigating various allegations surrounding First Lady Kim Keon-hee, has a ...; Hwang Sujin Reporter 2025.07.21

Special Prosecutor's Office Raids Across the Board Amid Suspicions of Unification Church's Cambodia Business Lobbying via 'Geonjinbeopsa': The Special Prosecutor's Team investigating allegations related to First Lady Kim Keon-hee, led by Special Prosecutor Min Joong-ki ...; KO YONG-CHUL Reporter 2025.07.21

Bucheon Childcare Center Association Hosts '2025 Childcare Professionals' Night': The Bucheon Childcare Center Association (President Hyun Yu-soon) held the '2025 Childcare Professionals' Night' event on the 15th ...; Hwang Sujin Reporter 2025.07.20

K-Beauty and Medical Tourism Join Hands... Bucheon City Signs MOU for Beauty and Medical Tourism: On July 18th, Bucheon City held a "Beauty and Medical Tourism Industry Co-prosperity Cooperation MOU Ceremony" at the meeting room ...; KO YONG-CHUL Reporter 2025.07.20

Suspect in Sambu Construction Stock Manipulation Case, Vice Chairman Lee Ki-hoon, Detected Attempting to Smuggle Out of Country… Investigative Authorities in Full Pursuit: An intelligence report indicating that Lee Ki-hoon, Vice Chairman of Sambu Construction and Chairman of Wellbiotech, a key figure ...; Ana Fernanda Reporter 2025.07.20

Illicit Loan Shark Who Demanded Sexual Favors Sentenced to Heavy 5-Year Prison Term: The court has handed down a heavy sentence to a 50-year-old illegal loan shark who operated an unregistered lending business, appl ...; Global Economic Times Reporter 2025.07.20

Landfill Transformed into a Giant Greenhouse: 'SuperMidden' Project Aims to Boost Food Self-Sufficiency: A landfill in Wiltshire, UK, is preparing to transform into a futuristic farm. The "SuperMidden" project, driven by landfill opera ...; Eugenio Rodolfo Sanabria Reporter 2025.07.20

Military Personnel Who 'Disobeyed' Illegal Martial Law Orders to Be Honored for 'Refusing Insurrection': The Ministry of National Defense is pushing to identify and award military personnel who disobeyed illegal and unjust orders from ...; Desk 2025.07.18

Special Prosecutor Team for Marine Corporal Chae's Case Expands Investigation into Former Division Commander Lim Sung-geun's Alleged "Lobbying for Salvation": The Special Prosecutor Team, led by Lee Myung-hyun, investigating the alleged "lobbying for salvation" by former Marine Corps 1st ...; KO YONG-CHUL Reporter 2025.07.18

Gwangju and Jeonnam Face Additional Heavy Rain Warnings Amidst Record Downpour… Widespread Damage, Difficult Search for Missing Persons: Gwangju and Jeonnam regions, already battered by record-breaking heavy rainfall, received expanded heavy rain warnings again on th ...; Hwang Sujin Reporter 2025.07.18

Mother Sentenced to 25 Years in Prison for Murdering Teenage Son After Brutal Abuse: On the 18th, the Busan District Court Criminal Division 6 (Presiding Judge Kim Yong-gyun) sentenced Ms. A, a woman in her 40s, to ...; KO YONG-CHUL Reporter 2025.07.18

Court Rejects Former President Yoon Suk-yeol's Request for Review of Detention Legality; Special Prosecutor's Indictment Imminent: The court has rejected former President Yoon Suk-yeol's request for a review of the legality of his detention, reconfirming the le ...; KO YONG-CHUL Reporter 2025.07.18

Escape the Heat in the City: Bucheon Supia Botanical Garden Extends Night Hours and Offers Special Programs: To help citizens combat the summer heat, Bucheon City is expanding the evening operation of the Supia Botanical Garden and introdu ...; Hwang Sujin Reporter 2025.07.17

Bucheon City Enhances Communication with North Korean Defectors: "210, Bucheon TalkTalk" City Hall Tour Successfully Concluded: Bucheon City provided a meaningful platform for communication with North Korean defectors through the "210, Bucheon TalkTalk" city ...; Hwang Sujin Reporter 2025.07.17

"City Administration Through Children's Eyes": Bucheon City Recruits Junior Reporters: Bucheon City announced on the 16th that it will recruit members for the "2025 Bucheon City Junior Reporter Group" from July 22nd t ...; Hwang Sujin Reporter 2025.07.17

Bucheon City to Host 'I LOVE Gangneung' Themed Event with Gangneung City: Bucheon City, in commemoration of the 20th anniversary of its sisterhood ties with Gangneung City, will co-host the 'I LOVE Gangne ...; KO YONG-CHUL Reporter 2025.07.17

Daejeon City Wins 2025 Korea Local Autonomy Development Grand Prize: Daejeon City (Mayor Lee Jang-woo) has been honored with the Grand Prize in the Metropolitan category at the '2025 Korea Local Auto ...; HONG MOON HWA Senior Reporter 2025.07.17