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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South Korean YouTuber Arrested in Philippines for Alleged Child Exploitation and Trafficking: Cagayan de Oro City, Philippines – A South Korean YouTuber, identified only as "Mr. A" and reportedly in his fifties, has be ...; ONLINE TEAM 2025.07.05

Special Counsel Concludes Arrest Obstruction Probe into Former President Yoon Suk-yeol, Shifts Focus to Abuse of Power and Other Charges: Seoul, South Korea – The Special Investigation Team led by Chief Special Prosecutor Jo Eun-seok announced on July 5, 2025, t ...; Desk 2025.07.05

Democratic Party Axes Cambodia ODA Budget Amidst Allegations Linking First Lady Kim Keon-hee to Unification Church: SEOUL, South Korea – The Democratic Party of Korea has announced the complete cut of the Official Development Assistance (OD ...; KO YONG-CHUL Reporter 2025.07.05

SK Telecom Waives Penalties for Hacked Customers, Faces Stiff Repercussions for Data Breach: SEOUL, South Korea – SK Telecom, one of South Korea's largest mobile carriers, has agreed to waive contract termination fees ...; KO YONG-CHUL Reporter 2025.07.05

Incheon Sangsang Platform Night Market Attracts 120,000 Visitors, Breathing New Life into Original Downtown Commercial Areas: Sangsang Platform, located in Jung-gu, Incheon, is breathing new life into the commercial areas of the old downtown. The '1883 San ...; Min Gyu Mi Reporter 2025.07.04

Kim Keon-hee Special Prosecutor's Investigation into Sambu Construction Accelerates, Former CEO Summoned: The special prosecution team led by Special Prosecutor Min Joong-ki is accelerating its investigation into allegations related to ...; KO YONG-CHUL Reporter 2025.07.04

Gyeongbuk Doctor Helicopter Sets Record for Most Dispatches in 12 Years as an 'Emergency Room in the Sky': The Gyeongbuk Doctor Helicopter, often called the "emergency room in the sky," celebrates its 12th anniversary today since its lau ...; KIM YOUNG MIN 2025.07.04

Prosecutors Demand 4-Year Sentence for Sarang Jeil Church's Special Missionary Yoon for Involvement in Western District Court Riot, Citing Poor Conduct: Seoul Western District Court, July 4, 2025 – Prosecutors have sought a four-year prison sentence for Yoon Mo (56, in custody ...; Hwang Sujin Reporter 2025.07.04

Special Prosecutor for Rebellion to Interview Remaining Cabinet Members as Yoon's Second Interrogation Nears: In connection with the investigation into the December 3rd martial law declaration, the Special Prosecutor's Office for Rebellion ...; KO YONG-CHUL Reporter 2025.07.04

Louis Vuitton, Luxury Brand Personal Information Leaks Continue…Consumer Anxiety Escalates: Another personal information leak incident has occurred at the luxury brand Louis Vuitton. This follows a series of similar incide ...; Hwang Sujin Reporter 2025.07.04

Quad Foreign Ministers Emphasize Importance of Adhering to International Law — Bolstering Philippines' Sovereignty in the West Philippine Sea: MANILA, Philippines – The Department of Foreign Affairs (DFA) of the Philippines stated on Thursday that the statement issue ...; Greace Nunez Correspondent 2025.07.04

Large Fire Breaks Out in Manila Slum, Affecting Hundreds of Families: Manila, Philippines – A massive fire erupted in a slum in the Philippine capital, Manila, on July 2, engulfing dozens of hom ...; Kim Sungmoon Reporter 2025.07.04

Philippines Accelerates Naval Base Expansion: Bolstering Maritime Defense and Securing Strategic Locations: The Philippines is actively pursuing a plan to expand and modernize its naval bases to bolster its maritime defense posture. This ...; Kim Sungmoon Reporter 2025.07.04

Singapore's Reason for Issuing Vouchers: '$640,000 for those 21 and over, $850,000 for those 60 and over': Commemorating its 60th anniversary of independence, the Singaporean government has officially issued the 'SG60 Voucher' (gift cert ...; Desk 2025.07.04

Bucheon City's 2nd "Now is the ChatGPT Era" Course for Active Seniors Successfully Opens: Bucheon City's efforts to help active seniors proactively participate in a rapidly changing digital society are bearing fruit. The ...; Hwang Sujin Reporter 2025.07.04

Bucheon City's Full Efforts to Prevent Tick-Borne Infectious Diseases… Urges Citizens to Adhere to Prevention Guidelines: Bucheon City has urged special attention to preventing tick-borne infectious diseases, whose risk increases with more outdoor acti ...; Hwang Sujin Reporter 2025.07.04

Bucheon's Wonmi Library Successfully Kicks Off "Dugun Dugun" Summer Reading Program: Bucheon's Wonmi Library, in collaboration with the National Library for Children and Young People, has successfully launched "Dugu ...; KO YONG-CHUL Reporter 2025.07.04

Bucheon City, Okayama City Delegation Visits Ojeong Senior Welfare Center… Intense Interest in Smart Senior Centers' 'Digital Welfare': Reporter Lee Jun-hyeok = The exchange between Bucheon City and Okayama City in Japan is expanding into the digital welfare sector, ...; KO YONG-CHUL Reporter 2025.07.04

Infant Murder on Paraguay Riverbank: Autopsy Confirms Baby Was Alive When Killed: VILLA HAYES, Paraguay – In a shocking development, the autopsy results of a female infant found in a black bag on the Paragu ...; Hwang Sujin Reporter 2025.07.04

The Taste and Color of 'Kesu Paraguay,' a Traditional Paraguayan Cheese Resurrected in Chaco: In an era where industrialization threatens to homogenize the world's flavors, a Paraguayan farm stands firm in its mission to rev ...; Pedro Espinola Special Correspondent 2025.07.04