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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Chungnam Province Enhances Disaster Response Capabilities Through "Safe Chungnam" Drill: TAEAN, South Korea - Chungnam Province announced today that it conducted the "2025 Disaster Preparedness Safe Chungnam Drill" on J ...; HONG MOON HWA Senior Reporter 2025.06.20

Samcheok City Hosts 25th Youth Integrated Arts Festival, Showcasing Local Youth Cultural and Artistic Talents: Samcheok City is set to host the 25th Samcheok Youth Integrated Arts Festival for five days, from June 20th (Friday) to June 24th ...; HONG MOON HWA Senior Reporter 2025.06.20

Samcheok City to Host "2025 Samcheok Welfare Expo": SAMCHEOK, South Korea – The Samcheok City Community Welfare Council announced it will host the "2025 Samcheok Welfare Expo" ...; HONG MOON HWA Senior Reporter 2025.06.20

Inmate Accused of Child Molestation Dies from Beating in Denpasar Detention Center; Six Suspects Identified: Denpasar, Bali, Indonesia – An Indonesian detention facility in Denpasar, Bali, has become the scene of a grim incident foll ...; Ana Fernanda Reporter 2025.06.20

Gyeongsangbuk-do Bolsters Ties with Japan Through Official Exchange Program: Gyeongsangbuk-do, South Korea – In a strategic move to deepen bilateral relations and foster broader collaboration, Gyeongsa ...; Kim Sungmoon Reporter 2025.06.20

UNITED STATES FACES FIRST MAJOR HEATWAVE OF 2025 AMID 'HEAT DOME' PHENOMENON: Washington D.C. – The United States has issued its first significant heat wave advisory of 2025, starting June 20, as a powe ...; Desk 2025.06.20

Chungnam Province Expands Natural Recreation Forest Benefits for Chungcheong Region Residents: CHEONGJU, South Korea – The Chungcheongnam-do Provincial Assembly has taken a significant step toward boosting regional tour ...; HONG MOON HWA Senior Reporter 2025.06.19

Chungcheongnam-do Provincial Council Moves to Invigorate Ecotourism through New Legislation: CHUNGCHEONGNAM-DO, South Korea – The Chungcheongnam-do Provincial Council is spearheading a significant initiative to system ...; HONG MOON HWA Senior Reporter 2025.06.19

Cheonan Gears Up for 3rd Annual Univ-City & Maxsum Festival This Week: Cheonan, South Korea – The vibrant city of Cheonan is set to host the third annual "2025 Cheonan Univ-City Festival with Max ...; HONG MOON HWA Senior Reporter 2025.06.19

Nonghyup Expands ESG Circular Economy Initiatives Through Employee E-Waste Donation Campaign: SEOUL, South Korea – Nonghyup, one of South Korea's largest agricultural cooperatives, announced today the successful launch ...; Desk 2025.06.18

Prosecutors Under Fire for Alleged Cover-Up in First Lady Kim Keon-hee's Stock Manipulation Probe: Seoul, South Korea – The reinvestigation into First Lady Kim Keon-hee's alleged involvement in the Deutsch Motors stock mani ...; KO YONG-CHUL Reporter 2025.06.18

President Lee Engages in Bilateral Diplomacy at G7 Summit, Reinforcing Global Partnerships: Kananaskis, Alberta, Canada – President Lee Jae-myung of South Korea concluded a rigorous two-day diplomatic agenda at the G ...; KO YONG-CHUL Reporter 2025.06.18

Man Arrested in Gangnam for Drug-Fueled Weapon Rampage: SEOUL, South Korea – A 30-year-old man was apprehended by police after brandishing a weapon in a residential area of Gangnam ...; KO YONG-CHUL Reporter 2025.06.18

Kim Keon-hee Special Prosecutor Team Visits Financial Supervisory Service After Prosecutors on First Official Schedule: SEOUL, South Korea – The Special Prosecutor's Office, led by Special Prosecutor Min Joong-ki, investigating allegations surr ...; Desk 2025.06.18

Yoon Suk-yeol's Mother-in-Law Referred to Prosecution Over Alleged Illegal Farmland Lease: SEOUL, South Korea – Choi Eun-soon, the mother-in-law of former President Yoon Suk-yeol, has been formally referred to the p ...; KO YONG-CHUL Reporter 2025.06.18

South Korea Braces for Unpredictable 'Goblin Monsoon' Beginning Tomorrow: SEOUL, South Korea – South Korea is preparing for an unpredictable "Goblin Monsoon," set to begin across its central regions ...; Hee Chan Kim Reporter 2025.06.18

Paraguayan Supreme Court Faces Pressure to Clearly Resolve Constitutional Violation Cases: The Paraguayan Supreme Court (CSJ) is facing strong pressure to provide clear and swift resolutions to significant cases identifie ...; Graciela Maria Reporter 2025.06.18

Tougher Penalties for Juvenile Violent Crimes a Hot Topic in Paraguayan Senate: The Paraguayan Senate is in a heated debate over a bill that would significantly increase penalties for serious crimes committed b ...; Greace Nunez Correspondent 2025.06.18

Healthcare Benefits Flowing Down the River, Arriving in Puerto Rosario: Healthcare benefits have reached Puerto Rosario, a remote riverside town in Paraguay's San Pedro Department, flowing down the rive ...; Pedro Espinola Special Correspondent 2025.06.18

11,000+ Students Receive Electronic Bus Tickets, Student Transportation Support Progressing Smoothly: ASUNCIÓN, PARAGUAY – The Paraguayan Ministry of Education and Science (MEC) announced on June 17 that 11,067 students ...; Yim Kwangsoo Correspondent 2025.06.18