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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Gov’t Enforces ‘Odd-Even’ Driving Restraint for Public Sector Amid Middle East Energy Crisis: SEOUL — In a preemptive move to counter the escalating energy supply instability triggered by the prolonged conflict in the ...; KO YONG-CHUL Reporter 2026.03.26

MBS Urges Trump to Pursue "Regime Change" in Iran, Pushing for Ground Invasion: WASHINGTON D.C. – Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman (MBS), has reportedly pressured U.S ...; Pedro Espinola Special Correspondent 2026.03.26

Iranian Ambassador Pledges Full Cooperation for Safety of S. Koreans Amid Middle East Tensions: The Iranian Ambassador to South Korea, Saeed Kouzechi, visited the National Assembly on Wednesday to assure that Tehran will prior ...; KO YONG-CHUL Reporter 2026.03.26

Financial Authorities Halt Samsung Pay’s Fee Monetization, Labeling It a "Public Good": SEOUL – The Financial Supervisory Service (FSS) has intervened in Samsung Electronics' plans to transition Samsung Pay into ...; Global Economic Times Reporter 2026.03.26

U.S. LNG Exporters Emerge as "Big Winners" Amid Middle East Conflict: Strait of Hormuz Blockade Pushes Asia Toward American Gas; Cheniere and Venture Global See Surge in Demand As Iran’s de fac ...; Eunsil Ju Reporter 2026.03.24

JBNU and SKKU Researchers Achieve Breakthrough in "Dream Material" MXene, Setting New World Records in Performance: SUWON/JEONJU – A South Korean joint research team has announced a landmark achievement in the development of MXene, a next-g ...; Global Economic Times Reporter 2026.03.22

Contrasting Fortunes in Petrochemical Restructuring: Yeosu Moves Forward, Ulsan Stalls: The South Korean petrochemical industry is witnessing a "tale of two cities" as major hubs Yeosu and Ulsan show starkly different ...; Global Economic Times Reporter 2026.03.22

Appellate Court Begins Review of Kakao Founder’s Acquittal in SM Entertainment Stock Rigging Case: SEOUL — The legal battle surrounding the alleged stock market manipulation of SM Entertainment has entered its second chapte ...; Desk 2026.03.20

Naver Suspends Election Comments to Combat Cyberbullying and Misinformation Ahead of June Polls: Naver, South Korea’s leading web portal and dominant news aggregator, announced on Thursday a series of stringent measures t ...; Hee Chan Kim Reporter 2026.03.19

Lotte Town Myeongdong Lights Up with 'Welcome Light' to Greet Global K-Pop Fans: SEOUL — The heart of Seoul’s shopping district is glowing in shades of purple this week. Lotte Department Store announ ...; Min Gyu Mi Reporter 2026.03.19

Battle for K-Beauty Hegemony: Health Ministry and MFDS Clash Over Policy Control: SEOUL – As the K-Beauty industry emerges as a primary engine for South Korea’s future economic growth, a sharp jurisdi ...; KO YONG-CHUL Reporter 2026.03.18

China Dominates "Matter" Smart Home Standards with 40% Share, Raising Alarms for Korean Competitors: SEOUL — A stark divide has emerged in the global smart home market as Chinese home appliance manufacturers rapidly consolida ...; Global Economic Times Reporter 2026.03.16

Google Reinvents Maps: The 'Spatial AI' Revolution Powered by Gemini: MOUNTAIN VIEW — Google has officially declared a "reinvention of the map." By integrating its advanced artificial intelligen ...; Global Economic Times Reporter 2026.03.15

The Red Line: Anthropic Blacklisted as U.S. Demands AI Subservience to Military Command: WASHINGTON D.C. — In a move that has sent shockwaves through Silicon Valley and the Pentagon alike, the Trump administration ...; KO YONG-CHUL Reporter 2026.03.15

Gov’t Weighs Delay of Mandatory Facial Recognition for Mobile Openings Amid Privacy and Technical Hurdles: SEOUL — The Ministry of Science and ICT (MSIT) is reportedly considering a postponement of the mandatory facial recognition ...; Yim Kwangsoo Correspondent 2026.03.15

Stray Kids Dominates 40th Japan Gold Disc Awards with Historic Four-Win Sweep: SEOUL — Global K-pop sensation Stray Kids has once again rewritten the history books, securing four prestigious honors at th ...; KO YONG-CHUL Reporter 2026.03.13

Octagon Meets Federal Service: UFC Elite to Train FBI Agents in Historic Tactical Partnership: (C) TMZ QUANTICO, VA — In an unprecedented convergence of professional sports and national security, the Ultimate Fighting ...; Pedro Espinola Special Correspondent 2026.03.13

U.S. Faces Munitions Crisis: Two Weeks of Iran Conflict Deplete Years of Missile Stockpile: (C) OPB WASHINGTON D.C. — Just two weeks into the military campaign against Iran, the United States finds itself grapplin ...; Ana Fernanda Reporter 2026.03.13

Adobe Hits Record Revenue Amid 'SaaS-pocalypse' Fears, But CEO Exit Triggers Market Tremors: (C) Investopedia SAN JOSE – Adobe Inc. has defied the growing skepticism surrounding the software-as-a-service (SaaS) sec ...; Eugenio Rodolfo Sanabria Reporter 2026.03.13

Cyber Domino Effect: Supply Chain Attacks Emerge as the New Global Security Crisis: (C) Digitalisation World SEOUL — The paradigm of cyber warfare has shifted. No longer are hackers merely knocking on the fr ...; Global Economic Times Reporter 2026.03.13

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