Global Economic Times

2026.07.21 (Tue)
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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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Ruling Party and Government Push for Auto Insurance Premium Cuts Amid "5/2-Day Driving Ban": The South Korean government and the Democratic Party of Korea are pushing to lower automobile insurance premiums in conjunction wi ...; Hwang Sujin Reporter 2026.04.13

Korea and Poland Elevate Ties to ‘Comprehensive Strategic Partnership,’ Expanding Cooperation to Hydrogen, Nano, and Space: SEOUL – In a historic move that signals a new era of bilateral relations, South Korean President Lee Jae-myung and Polish Pr ...; KO YONG-CHUL Reporter 2026.04.13

National Assembly Passes 26.2 Trillion Won 'Energy Crisis' Extra Budget; Up to 600,000 Won in Cash Relief: The National Assembly passed a 26.2 trillion won ($19.2 billion) supplementary budget on April 10 to mitigate the economic impact ...; KO YONG-CHUL Reporter 2026.04.13

President Lee’s Approval Rating Hits Record High of 67% for Second Consecutive Week: Gallup Korea: President Lee Jae-myung’s job approval rating has reached 67%, marking its highest level since his inauguration for two week ...; KO YONG-CHUL Reporter 2026.04.10

Chungnam Greenlights Landmark K-Pop Dome Stadium Project for 2031 Completion: South Chungcheong Province (Chungnam) has officially embarked on a transformative journey to establish itself as a global epicente ...; HONG MOON HWA Senior Reporter 2026.04.10

Celltrion’s ADC Candidate CT-P71 Granted FDA Fast Track Designation for Urothelial Carcinoma: INCHEON, South Korea — In a move that solidifies its transition from a biosimilar giant to an innovative drug developer, Cel ...; Eugenio Rodolfo Sanabria Reporter 2026.04.09

FSS Slaps Lotte Card with 4.5-Month Suspension Over Massive Data Breach: SEOUL — The Financial Supervisory Service (FSS) has issued a preliminary notice of heavy sanctions against Lotte Card follow ...; KO YONG-CHUL Reporter 2026.04.09

South Korea Emerges as Global Aviation Fuel Sentinel Amid Middle East Turmoil: (C) Fleet Wire SEOUL — As the conflict in the Middle East sends shockwaves through global energy markets, a localized "je ...; Kim Sungmoon Reporter 2026.04.08

Government to Distribute "High Oil Price Relief" to Bottom 70% of Earners: Up to ₩600,000 Per Person: SEOUL — In a decisive move to mitigate the economic fallout from the escalating conflict in the Middle East, the South Korea ...; Shin Yeju 2026.04.02

Naver and Kakao Secure Direct Solar Power to Combat Global Energy Crisis: (C) Another Day Tech Giants Pivot to Direct Power Purchase Agreements (PPA) for Data Centers Amid Geopolitical Instability; Move ...; Global Economic Times Reporter 2026.04.02

Public Sector to Adopt ‘Odd-Even’ Vehicle Rotation Starting April 8; 5-Day Rotation Extended to Public Parking Lots: SEJONG — As prolonged conflict in the Middle East continues to destabilize global energy supplies, the South Korean governme ...; Global Economic Times Reporter 2026.04.02

Hanwha Stumbles, Shinhan Surges: The Changing Guard of Korea’s ‘Big 3’ Life Insurers: Overview: A Shift in the Traditional HierarchyThe long-standing dominance of the "Big 3" life insurance titans—Samsung Life, ...; Global Economic Times Reporter 2026.04.02

Meta Debuts AI Smart Glasses Designed for Prescription Lens Users: A New Frontier in Wearable Diet Tracking: (C) Youtube MENLO PARK — In a move that signals the next evolution of wearable technology, Meta has officially unveiled its ...; Global Economic Times Reporter 2026.04.01

Apple Extends Emergency Location Sharing to 30 Minutes Following Collaboration with KCC: SEOUL – In a significant move to enhance public safety, Apple has agreed to extend the duration of emergency location inform ...; Hwang Sujin Reporter 2026.04.01

S. Korean Economic Leaders Form ‘One-Team’ to Counter Middle East Volatility: (C) Ministry of Finance and Economy SEOUL — South Korea’s top economic policymakers have established a high-level coo ...; Global Economic Times Reporter 2026.04.01

Chaos Over Garbage Bags: Illegal Trading Surges on Second-hand Platforms Amid Middle East War: The "Garbage Bag Crisis" Hits the Resale Market"Selling Seongnam City garbage bags. 30 pieces of 20-liter bags available for bulk ...; Yim Kwangsoo Correspondent 2026.03.30

“Urban Community Headquarters Holds 1st Sustainable Urban Community Forum in Sejong”: The Urban Community Headquarters (UCH, Chairperson Lee Ga-hee), a non-profit corporation, held the "1st Sustainable Urban Communit ...; LEE YEON SIL Reporter 2026.03.27

Cheonan City Empowers Citizens to Validate Smart City Services: "Reverse-Proposing Solutions to User Inconvenience": Cheonan City has officially established a "citizen-participatory verification model" where residents directly test smart city serv ...; Global Economic Times Reporter 2026.03.27

Hyundai Motor Group Expands Mandatory Vehicle Rotation System to Bolster National Energy Conservation Efforts: In a decisive move to align with the South Korean government’s recent energy conservation initiatives, Hyundai Motor Group ( ...; Hwang Sujin Reporter 2026.03.27

President Lee Asserts ‘Self-Reliant Defense’ as Crucial, Vows Swift Recovery of Operational Control: President Lee Jae-myung emphasized a "self-reliant defense" posture on Friday, signaling a strategic shift toward reclaiming warti ...; KO YONG-CHUL Reporter 2026.03.27

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