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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Longstanding Ties: Soonchunhyang University Hospital Provides Free Health Screenings for Cambodian Workers in Korea: Gimhae, South Korea – In a significant display of cross-border medical cooperation, Soonchunhyang University Hospital (SUH), ...; Hwang Sujin Reporter 2025.06.01

South Korea Designates Nipah Virus as Class 1 Infectious Disease Amid Global Vigilance: SEOUL, South Korea – South Korea's disease control authorities have moved to designate Nipah virus infection, a highly letha ...; Desk 2025.06.01

HCT Charts Ambitious Path to Unicorn Status on 25th Anniversary: SEOUL, South Korea – HCT Co., Ltd. (KRX: 072990), a leading South Korean specialist in testing, certification, and calibrati ...; Kim Sungmoon Reporter 2025.05.31

Consumer Protection Ruling: TMON and WeMakePrice Must Refund Victims of Prepaid Cash and Vouchers: A significant consumer dispute resolution ruling has been issued, demanding that TMON and WeMakePrice take responsibility for cons ...; Hwang Sujin Reporter 2025.05.31

Busan to Host "Ocean Industry Renaissance" Next Month, Featuring Marine Startups: BUSAN, South Korea – The Korea Ocean Industry Association announced today that it will host the 9th annual "Ocean Industry R ...; Kim Sungmoon Reporter 2025.05.31

US Clean Energy Sector Faces Significant Setbacks Amid Policy Shifts and Project Cancellations: Washington D.C. – The clean energy sector in the United States is experiencing substantial financial reversals and job losse ...; Eugenio Rodolfo Sanabria Reporter 2025.05.31

Hanwha TotalEnergies Donates ₩910 Million Social Contribution Fund to Seosan City, Expanding Community Co-prosperity and Support for Vulnerable Groups: Hanwha TotalEnergies (CEO Seo Seok-eun) has once again demonstrated its strong commitment to co-prosperity with the local communit ...; Yim Kwangsoo Correspondent 2025.05.31

Sokcho, A Feast for the Palate: An In-Depth Analysis of Four Must-Try Foods at Sokcho Tourist & Fishery Market: Gangwon Province's Sokcho boasts a breathtaking natural landscape, where the blue East Sea meets the majestic Seorak Mountains. It ...; Hwang Sujin Reporter 2025.05.31

Sokcho: A Jewel of the East Coast, Shining with Diverse Charms Through All Four Seasons: Sokcho, a city like a jewel on the East Coast, is a premier travel destination that draws visitors year-round, thanks to its beaut ...; KO YONG-CHUL Reporter 2025.05.31

The Songpa Re-use Center: Emerging as a Hot Spot for "Practical Consumption" in an Era of High Prices: As the recent trend of high prices continues, consumers' wallets are getting thinner. In this situation, the Songpa Re-use Center ...; ONLINE TEAM 2025.05.31

The Era of "Hands-Free Departure" from Gangnam: Enhanced Convenience with the Resumption of City Airport Easy-Drop Service: The "Easy-Drop" service, which allows for airline ticket issuance and baggage check-in at the Korea City Air Terminal in Samseong- ...; Hwang Sujin Reporter 2025.05.31

Anseong City Achieves a Great Feat: Selected for the 2025 East Asia Culture City Network Support Project: Anseong City (Mayor Kim Bo-ra) has achieved a remarkable feat by being finally selected for the "2025 Korea-Japan-China East Asia ...; KIM YOUNG MIN 2025.05.31

Pyeongtaek City Strengthens Suicide Prevention Safety Net by Expanding "Life-Respecting Safe Village" Initiative: Pyeongtaek City is taking the lead in spreading a culture of respect for life by building a more robust community-based suicide pr ...; Kim Sungmoon Reporter 2025.05.31

Pyeongtaek Police Seize 27.5kg of Philopon Valued at 11 Billion Won, Apprehending Largest Ever Drug Smuggling Organization: Pyeongtaek Police Station has dismantled an international drug trafficking organization that attempted to smuggle and distribute 2 ...; KO YONG-CHUL Reporter 2025.05.31

Pyeongtaek City Achieves Transportation Welfare for Citizens with 'Visiting Free Bicycle Repair Service': 1,200 Bikes Repaired in First Half of the Year: Pyeongtaek City's "Visiting Free Bicycle Repair Service," a life-oriented transportation welfare project, has successfully conclud ...; KIM YOUNG MIN 2025.05.31

Pyeongtaek City Expands Youth Activity Spaces by Operating 5 "Youth Resting Places Outside the Center": Pyeongtaek City will begin operating five new "Youth Resting Places Outside the Center" next month to support free community activ ...; Min Gyu Mi Reporter 2025.05.31

Ansan City and Singapore Collaborate on 'Smart Transportation System,' Presenting a Blueprint for Future Transportation: Ansan City has solidified its position as an international smart transportation hub, attracting a benchmarking visit from a delega ...; Hwang Sujin Reporter 2025.05.31

2025 Ansan Citizens' Environmental Festival: A Companion for a Sustainable Future: Ansan – Ansan City announced that it will host the '2025 Ansan Citizens' Environmental Festival' at Ansan Cultural Plaza in ...; KIM YOUNG MIN 2025.05.31

Ansan City to Offer Free Rental Cars to Multi-Child Families, Expanding Mobility Rights and Boosting Birth Rates: Ansan City, Gyeonggi Province – Ansan City announced on the 30th that it will launch a free rental car support program for m ...; Min Gyu Mi Reporter 2025.05.31

Four Universities in Western Gyeonggi Selected for 'RISE Project' – Accelerating Customized Talent Development and Lifelong Vocational Education Innovation: ANYANG, KOREA – The Western Gyeonggi Consortium of universities, comprising Sungkyul University and Anyang University in Any ...; KO YONG-CHUL Reporter 2025.05.31