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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13th Anniversary of the Curuguaty Massacre: Honoring Fallen Officers and Reflecting on Lessons Learned: On the 13th anniversary of the tragic bloodshed known as the "Curuguaty Massacre," which occurred on June 15, 2012, in the Curugua ...; Hwang Sujin Reporter 2025.06.17

Respiratory Illness Hospitalizations Surge, Health Authorities Issue Alert: ASUNCIÓN, Paraguay – Paraguayan health authorities have issued a nationwide epidemiological alert due to a sharp incr ...; Global Economic Times Reporter 2025.06.17

Minimal Results Despite PYG 34 Billion Investment by Senabico to Combat Drug Addiction: Despite an investment of PYG 34 billion (approximately KRW 6.1 billion) from the national treasury to address Paraguay's drug addi ...; Desk 2025.06.17

Proba-3 Successfully Photographs Solar Corona with Artificial Eclipse: Opening New Horizons in Solar Research: The European Space Agency (ESA)'s Proba-3 mission has successfully created an artificial solar eclipse, capturing clear images of ...; Pedro Espinola Special Correspondent 2025.06.17

Lee Jae-myung Administration's Blueprint Takes Shape: State Affairs Planning Committee Kicks Off with Ministry Briefings: SEOUL, South Korea – The State Affairs Planning Committee (SAPC), tasked with meticulously crafting the Lee Jae-myung admini ...; Hwang Sujin Reporter 2025.06.16

South Korea's Special Prosecutors Gear Up for High-Stakes Probes: SEOUL, South Korea – South Korea is abuzz as three high-profile special prosecutor teams rapidly assemble their investigativ ...; KO YONG-CHUL Reporter 2025.06.16

President Lee Jae-myung Embarks on Diplomatic Debut at G7 Summit in Canada: President Lee Jae-myung, accompanied by First Lady Kim Hye-kyung, departed for Canada aboard Air Force One on the afternoon of Jun ...; Desk 2025.06.16

Mastermind of Korea's Largest Illegal Pornography and Prostitution Ring Apprehended in Ecuador After Four-Year Manhunt, Extradited to South Korea: DAEJEON, South Korea – June 16, 2025 – After an extensive four-year international pursuit, the alleged mastermind behi ...; KO YONG-CHUL Reporter 2025.06.16

Samcheok City Successfully Hosts 'Pungnyu Festival' to Revitalize Traditional Liquor Manufacturing: SAMCHEOK, South Korea – Samcheok City, renowned for its picturesque landscapes and rich cultural heritage, successfully host ...; HONG MOON HWA Senior Reporter 2025.06.16

Samcheok Accelerates National Geopark Certification, Highlighting Geological Heritage: SAMCHEOK, South Korea – Samcheok City is intensifying its efforts to achieve National Geopark certification, drawing renewed ...; HONG MOON HWA Senior Reporter 2025.06.16

Daejeon City and Armed Forces Nursing Academy Collaborate on Veterans Park Cleanup: DAEJEON, South Korea – In a heartfelt tribute to the nation's heroes during "Hoguk Bounui Dal" (Patriots and Veterans Month) ...; HONG MOON HWA Senior Reporter 2025.06.16

Cheonan Hosts 77th Chungnam Citizens' Sports Festival with Historic Hydrogen Torch Lighting: Cheonan, South Korea – The 77th Chungnam Citizens' Sports Festival officially commenced in Cheonan, South Korea, with a grou ...; HONG MOON HWA Senior Reporter 2025.06.16

Gyeongju Reaffirms UNESCO Global Geopark Status on Environment Day: Gyeongju, South Korea – The ancient city of Gyeongju, globally recognized for its rich natural heritage, once again undersco ...; Desk 2025.06.16

Tragic Fatality at Gyeongju's Obongsan Mountain: Hiker Falls from Madangbawi While Taking Photos: Gyeongju, South Korea – A scenic outing turned tragic on June 15th when a 60-year-old hiker, identified only as Mr. A, plung ...; Desk 2025.06.16

KEPCO Joins Forces with Gyeongju City and Gyeongsangbuk-do Province for Successful APEC 2025 Summit: Gyeongju, South Korea – Korea Hydro & Nuclear Power (KHNP) has officially partnered with Gyeongsangbuk-do Province and G ...; KO YONG-CHUL Reporter 2025.06.16

Ulsan City Library Presents "Wise Office Worker Life" Book Curation Exhibition: ULSAN, South Korea – To offer solace and foster empathy among professionals, Ulsan City is hosting a special book curation e ...; Kim Sungmoon Reporter 2025.06.16

Ulsan City Recognized as Leading Forestry Institution for Second Consecutive Year: Ulsan, South Korea – Ulsan City has once again been lauded as an "Excellent Institution" in the national government's joint ...; KO YONG-CHUL Reporter 2025.06.16

Ulsan Amplifies Youth Drug Prevention Efforts Amid Rising Concerns: Ulsan, South Korea – In a concerted effort to combat the growing issue of drug misuse among its younger population, Ulsan Ci ...; KO YONG-CHUL Reporter 2025.06.16

Ulju County Boosts Postpartum Support to Combat Low Birth Rates: ULSAN — Ulju County, Ulsan, is set to significantly increase financial support for new mothers, providing an additional ₩500 ...; Hwang Sujin Reporter 2025.06.16

Ulsan Metropolitan Office of Education Promotes "Each-Pays" Culture Across All Gatherings: ULSAN – The Ulsan Metropolitan Office of Education (UMOEE) today announced a new initiative to foster a "each-pays" (Dutch p ...; Hwang Sujin Reporter 2025.06.16