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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NVIDIA CEO Jensen Huang: "Concerns about Chinese Military Modernization? No Need to Worry.": SEOUL – As the U.S. government expresses concerns that its advanced semiconductor technology could be used for the moderniza ...; Ana Fernanda Reporter 2025.07.14

Homeless Man Sentenced to 1 Year and 6 Months in Prison for Breaking Into Home and Cooking Ramen: A homeless man in his 60s who broke into another person's home, cooked ramen, and committed theft has been sentenced to real priso ...; Hwang Sujin Reporter 2025.07.13

Seoul Experiences 73 Sinkholes in First Half of Year, Gangnam Area Most Affected, Urgent Need for Deteriorated Sewer Pipe Maintenance: Seoul saw 73 ground subsidence (sinkhole) incidents in the first half of this year, meaning a sinkhole appeared every 2 to 3 days. ...; Hwang Sujin Reporter 2025.07.13

Cheonan City to Increase Transportation Subsidy for Pregnant Women from ₩300,000 to ₩500,000: Cheonan City announced on the 11th that it plans to increase the transportation subsidy for pregnant women from the current ₩300,0 ...; Hwang Sujin Reporter 2025.07.12

2025 Cheonan K-Culture Expo Generates 8.5 Billion Won in Economic Impact with 350,000 Visitors: The "2025 Cheonan K-Culture Expo" recorded 356,448 visitors and a direct economic impact of 8.51 billion won. Cheonan City announ ...; Global Economic Times Reporter 2025.07.12

The Democratic Party fiercely attacked the 'Libakschool special treatment allegations', stating, "Presidential Office intervention must be thoroughly investigated.": A far-right organization, Libakschool, is raising suspicions of external pressure in the Ministry of Education's "Neulbom School" ...; KO YONG-CHUL Reporter 2025.07.12

Why Flight Attendants Avoid Onboard Coffee: The Uncomfortable Truth About Aircraft Water Tanks: Former and current airline flight attendants have confessed to not drinking coffee or tea onboard, raising questions about the san ...; ONLINE TEAM 2025.07.12

Canada's Wonderland Unveils Record-Breaking Coaster 'AlpenFury': Thrills and Charity Combined!: Canada's Wonderland amusement park in Vaughan, Ontario, will officially open 'AlpenFury,' Canada's longest, tallest, and fastest l ...; Eugenio Rodolfo Sanabria Reporter 2025.07.12

Sydney Korean Community Centre to Undergo Renovation with NSW Government Support: SYDNEY, Australia – A long-awaited renovation project for the Sydney Korean Community Centre has been given the green light. ...; KO YONG-CHUL Reporter 2025.07.11

Bucheon's Songnae National Sports Center Opens State-of-the-Art Swimming Pool and Gym to Citizens: Starting July 1st, Bucheon City began operating the public indoor swimming pool and gym within the Songnae National Sports Center ...; Hwang Sujin Reporter 2025.07.11

"Chungnam Dominates Farm-to-Rural Migration" - Over 7,200 Consultations in First Half of Year: The Chungnam Provincial Agricultural Research & Extension Services announced on the 10th that they achieved significant result ...; Global Economic Times Reporter 2025.07.11

Proactive Disaster Preparedness: 'Emergency Relief Kits' Produced to Enhance Citizen Safety: CHUNGNAM PROVINCE – Chungnam Province announced on the 10th that it is pursuing a project to produce "emergency relief kits" ...; HONG MOON HWA Senior Reporter 2025.07.11

"Youth-Friendly City Designation" - Province and Cities/Counties Go All Out: Chungnam Province took its first step towards creating cities where young people want to live by holding a "Briefing Session on th ...; Global Economic Times Reporter 2025.07.11

Old Land Register Koreanization and Digitization Effects 'Excellent': Chungcheongnam-do announced on the 13th that the 'Old Land Register Koreanization Digital Construction Project', which was the fir ...; HONG MOON HWA Senior Reporter 2025.07.11

Chungnam Province to Draw Up Blueprint for Island Development Together with Residents: Chungnam Province has organized a meeting to hear opinions from 6 cities/counties and experts before establishing the '2nd Compreh ...; KO YONG-CHUL Reporter 2025.07.11

The Start of Trust: Asunción Market Vendors Begin Settling Delinquent Debts: Thanks to intervention measures promoted by the Asunción City Hall, vendors and tenants of the municipal markets have begun ...; Desk 2025.07.10

Female Primary School Teacher Charged with Sexual Abuse of Minor Male Student: A shocking incident has come to light in Singapore, where a female primary school teacher in her 30s has been charged with sexuall ...; Min Gyu Mi Reporter 2025.07.10

Power Bank Fire Damages Jurong West Apartment, Landlord Evicts Tenant: A landlord in Jurong West, Singapore, has evicted a tenant after a power bank fire damaged an apartment. The landlord stated that ...; Yim Kwangsoo Correspondent 2025.07.10

55-Year-Old Korean YouTuber Arrested in Philippines for Impregnating 14-Year-Old Girl… Faces Possible Life Imprisonment: A shocking incident has occurred in the Philippines. A 55-year-old Korean man, who had been active as a YouTuber in the Philippine ...; KO YONG-CHUL Reporter 2025.07.10

DOJ Seizes PHP 38 Million Worth of Smuggled Rice: Philippines Fully Committed to Safeguarding Food Security: MANILA – The Anti-Agricultural Economic Sabotage (AAES) Council, under the Philippine Department of Justice (DOJ), announced ...; KO YONG-CHUL Reporter 2025.07.10