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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Daejeon City Holds 'Local Administration-Public Security Administration Cooperation Workshop': Daejeon City announced that it held the '2025 Local Administration and Public Security Administration Related Agencies Cooperation ...; HONG MOON HWA Senior Reporter 2025.07.08

Daejeon-Chungnam Administrative Integration Daedeok-gu Consensus Discussion Concludes: The Daejeon-Chungnam Administrative Integration Public-Private Consultative Body held a "Local Government Consensus Discussion" on ...; HONG MOON HWA Senior Reporter 2025.07.08

Daejeon City Initiates 'Youth Switch ON' to Connect More Closely with Young People... Communication Relay Kicks Off in Earnest: Daejeon City's 'Youth Switch (ON)' project, designed for substantive communication with the younger generation, has officially beg ...; HONG MOON HWA Senior Reporter 2025.07.08

Daejeon City Proposes Key Issues to Presidential Transition Committee for Inclusion in National Agenda: On the 8th, Daejeon City proposed five national balanced growth strategies and ten regional pledge projects at a meeting organized ...; HONG MOON HWA Senior Reporter 2025.07.08

Daejeon's Kkumdori Ramen Sells Over 500,000 Units in First Month… Captivating the Hearts of Citizens and Tourists: Daejeon City's "Daejeon Kkumdori Ramen," the nation's first character ramen, is drawing attention as a success story in the local ...; HONG MOON HWA Senior Reporter 2025.07.08

Bucheon City Hall Cafeteria Aims for "Zero Food Waste" to Practice Carbon Neutrality: Bucheon City announced on the 8th that it introduced a food waste management system at the city hall cafeteria starting on the 7th ...; KO YONG-CHUL Reporter 2025.07.08

Bucheon City and Kawasaki City Resume Administrative Cooperation Through Public Official Exchange: Bucheon City announced that it will begin a mutual dispatch training program for public officials as part of its exchange project ...; Hwang Sujin Reporter 2025.07.08

Taejoo Solution Co., Ltd. Donates Rice to Bucheon City in Celebration of Pearl S. Buck Foundation's 60th Anniversary: Bucheon City announced on the 8th that Taejoo Solution Co., Ltd., a local electronic circuit (PCB) specialized company, donated 1, ...; Hwang Sujin Reporter 2025.07.08

Bucheon City Operates 'Visiting Well-Ending Counseling Center' for Citizens with Mobility Difficulties: Bucheon City Public Health Center announced it is continuously operating the 'Visiting Well-Ending Counseling Center' for citizens ...; KO YONG-CHUL Reporter 2025.07.08

Bucheon Municipal Simgok Library Renovated as a Citizen-Centric Space: Bucheon City announced that the remodeling work of the Municipal Simgok Library, a public pledge of Mayor Cho Yong-ik's 8th popula ...; KO YONG-CHUL Reporter 2025.07.08

Suwon City to Host '1st Gwanggyo Quantum Bio Summit' in September: Suwon City announced on the 8th that it will host the international conference 'The 1st Gwanggyo Quantum Bio Summit (G-Quantum Bio ...; Desk 2025.07.08

Jeju Waters Face Early High-Temperature, Low-Salinity Inflow, Prompting Emergency Response: Jeju's waters are experiencing an earlier-than-usual inflow of high-temperature, low-salinity water, deepening the concerns of loc ...; Yim Kwangsoo Correspondent 2025.07.08

Foreign Worker in His 20s Dies at Construction Site with 40-Degree Body Temperature…Investigation Underway for Serious Accidents Punishment Act Violation: On July 7, a tragic accident occurred at an apartment construction site in Gumi, Gyeongsangbuk-do, where the daytime high temperat ...; Hwang Sujin Reporter 2025.07.08

Kim Keon-hee Special Prosecutor's Team Conducts Wide-Ranging Investigation into Unification Church Lobbying Allegations... Summons of President Hak Ja Han Moon Imminent: The special prosecutor's team investigating various allegations surrounding First Lady Kim Keon-hee is reportedly conducting a com ...; KO YONG-CHUL Reporter 2025.07.08

“Jumping back into politics?”…Musk’s party declaration leads to a 7% plunge in Tesla stock: Elon Musk, CEO of Tesla, caused a major stir in the market as Tesla's stock price plummeted after he announced plans to form the ' ...; Desk 2025.07.08

Sejong Joint Campus Charts Future Amidst 'Making 10 Seoul National Universities' Policy: SEJONG, South Korea – Sejong City is actively strategizing to align with the new South Korean government's ambitious "Making ...; HONG MOON HWA Senior Reporter 2025.07.06

Hadong-gun Expands Tourism Appeal with 17 New "Hot Places," Totaling 60 Must-Visit Destinations: HADONG, GYEONGSANGNAM-DO – Hadong-gun has announced the selection of 17 additional locations for its "Hot Place Designation ...; KO YONG-CHUL Reporter 2025.07.06

Filling a Vital Void: The Emergency Abdominal Surgery Support Pilot Project: SEOUL, South Korea – July 5, 2025 – To combat critical shortages in regional emergency surgical services, the South Ko ...; KO YONG-CHUL Reporter 2025.07.06

Special Counsel to Decide on Arrest Warrant or Third Summons for Former President Yoon: SEOUL, South Korea – The Special Counsel team investigating the December 3rd martial law declaration and related allegations ...; KO YONG-CHUL Reporter 2025.07.06

Dive into Summer: South Chungcheong's West Coast Beaches Open for the Season: BOREONG, South Korea – The majority of beaches along South Chungcheong Province's picturesque west coast officially opened t ...; Hwang Sujin Reporter 2025.07.05