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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Samcheok City to Host 2025 Youth Harmony Festival 'Together, Green'... A 'Lucky' Festival Planned by Youth Themselves: The Samcheok City Youth Center will host the 2025 Samcheok City Youth Harmony Festival, "Together, Green," on Friday, June 6th, fr ...; HONG MOON HWA Senior Reporter 2025.05.30

34 Dead from Contaminated Medical Fentanyl in Argentina; Authorities Launch Nationwide Investigation: A nationwide emergency has been declared in Argentina as the death toll from contaminated medical fentanyl has risen to 34. An add ...; KIM YOUNG MIN 2025.05.29

Vero AI Acquires US Patent for AI Technology Understanding Pet Emotions, Accelerating Smart Collar Development: AI startup Vero AI (CEO Jung So-young) is drawing attention from the industry as its innovative technology, which allows AI to pre ...; Hwang Sujin Reporter 2025.05.29

'Sell USA, Buy Korea' Re-emerges: Domestic Individual Investors Liquidate US Stocks and Return to Korean Market: A distinct "money movement" phenomenon is evident as domestic individual investors withdraw from US stocks and reallocate funds to ...; Graciela Maria Reporter 2025.05.29

Fruits, a powerful weapon to lower stomach cancer risk... Salty food is 'poison': A recent study attracting significant attention has revealed that a diet rich in fruit significantly lowers the risk of developing ...; Hwang Sujin Reporter 2025.05.29

European Union to Mandate 10% Water Use Reduction by 2030... Water Security Emergency Amidst Climate Crisis: The European Union (EU) is pushing for a measure that would mandate its 27 member states to reduce water consumption by at least 1 ...; Desk 2025.05.29

Ministry of Oceans and Fisheries Intensifies Joint Research with European Advanced Maritime Mobility Institutions... Aims to Secure a Head Start in 'Decarbonization and Digitalization': The Ministry of Oceans and Fisheries, in collaboration with the National Institute of Science and Technology Human Resources Devel ...; Desk 2025.05.29

Cheonan City Receives Minister of Environment's Commendation for Biodiversity Efforts Recognized for Contributions to Biodiversity Enhancement: Cheonan City announced that it was awarded an institutional commendation from the Minister of Environment for its contributions to ...; HONG MOON HWA Senior Reporter 2025.05.28

Cheonan City Establishes 'Circular System' for Paper Cartons From Collection to Recycled Product Development and Usage: Cheonan City is taking steps to build a virtuous cycle system for paper cartons, aiming to increase collection rates and promote r ...; HONG MOON HWA Senior Reporter 2025.05.28

Singapore Rises to 4th in Global Startup Ecosystem, Solidifying Position as Asia's Innovation Hub: Singapore – Singapore has climbed one spot to 4th place in the 2025 Global Startup Ecosystem Rankings, firmly establishing i ...; KIM YOUNG MIN 2025.05.28

Philippines Waives Visa for Indian Tourists for 14 Days to Become Southeast Asian Tourism Hub: Manila, Philippines – The Philippines has announced a new visa-free entry policy for Indian tourists, allowing stays of up t ...; Hee Chan Kim Reporter 2025.05.28

Philippines' Defense Imports from Israel Face Chill: South China Sea Sovereignty and Gaza War Impacts Analyzed: JERUSALEM – The Philippines, a long-standing major defense client of Israel, has recently shown signs of cooling relations w ...; Hannah Yeh Reporter 2025.05.28

Philippine Tourism Secretary Unexpectedly Resigns, Industry Awaits Future Moves Amidst Strong Support: Manila, Philippines – Philippine Tourism Secretary Christina Garcia Frasco has tendered her 'courtesy resignation' on Thursd ...; KO YONG-CHUL Reporter 2025.05.28

Philippines Strives to Expand Water Access and Promote Organic Agriculture for Food Security: Manila, Philippines – The Philippines faces a complex set of challenges: limited access to safe water, deteriorating soil qu ...; Kim Sungmoon Reporter 2025.05.28

"Is it safe to travel to Japan?" ...Tension mounts as Kyushu's Sakurajima volcano erupts for a week: Kagoshima, Japan – The active volcano Sakurajima, located in southern Kyushu, Japan, has been erupting explosively for over ...; JEONG CHAN MYEONG Senior Reporter 2025.05.28

North Korea & China Intensify Educational Cooperation Through Pyongyang University of Science and Technology, Large-Scale Dispatch of Chinese Faculty: PYONGYANG, North Korea – North Korea and China are significantly expanding their cooperation in the education sector, with a ...; Desk 2025.05.28

Asunción Faces Key Challenges: Productivity, GDP per Capita, and Income Inequality: Asunción, Paraguay – A recent 'Global Cities Index 2025' report by Oxford Economics reveals Asunción's signifi ...; Yim Kwangsoo Correspondent 2025.05.28

Asunción Tackles Chronic Traffic Congestion: PY02 Highway Expansion Project Gains Momentum: ASUNCIÓN, PARAGUAY – A major infrastructure project aimed at alleviating chronic traffic congestion in Paraguay's cap ...; Ana Fernanda Reporter 2025.05.28

Argentina: Controversy Brews Over Monitoring of Journalists and Critics as Milei Government Approves National Intelligence Plan: BUENOS AIRES, Argentina – A heated controversy has erupted in Argentina after the State Intelligence Secretariat (SIDE), the ...; Greace Nunez Correspondent 2025.05.28

Seoul to Expand Public and Private Senior Care Facilities by 225: SEOUL, South Korea – The Seoul Metropolitan Government is set to significantly expand its senior care infrastructure, planni ...; KO YONG-CHUL Reporter 2025.05.27