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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Wyoming Dyslexic Children Trapped in a 'Privilege,' Not a 'Right,' to Read – Implications for the Korean Education System: Wyoming, USA – Criticism is mounting in Wyoming, USA, that dyslexic children are being denied their fundamental 'right to re ...; Eunsil Ju Reporter 2025.05.21

Barred Owls Spotted in Wyoming: A Threat to Native Raptors?: Wyoming, USA – The recent successful capture and tagging of a Barred Owl in Wyoming, a species not native to the state, has ...; Sharon Yoon Correspondent 2025.05.21

Washington D.C. Kalorama Luxury Mansion Engulfed in Massive Fire; Near Former President Obama's Residence: Washington D.C. – A three-story luxury mansion in the upscale Kalorama neighborhood of Northwest Washington D.C. was complet ...; Hannah Yeh Reporter 2025.05.21

Humanities in Crisis: Humanities Montana at Risk of Closure Due to Federal Funding Cuts: FLATHEAD VALLEY AND ACROSS MONTANA – It’s been a month and a half since Humanities Montana, a non-profit organization ...; Eunsil Ju Reporter 2025.05.21

US South Dakota's Landsat Program in Crisis, Escalating into an Existential Threat for EROS Center: President Donald Trump's proposed satellite budget cuts are intensifying questions about the future of the Earth Resources Observa ...; Desk 2025.05.21

Paraguayan Teachers Protest Excessive Workload and Ministry of Education's Neglect, Announce Mass Demonstration: ASUNCIÓN, Paraguay – The Paraguayan Education Workers' Union-National Union (OTEP-SN) has announced a nationwide teac ...; Eugenio Rodolfo Sanabria Reporter 2025.05.21

Daejeon Forges Ahead in Carbon Neutrality Transition, Exceeding 2024 Goals: Daejeon City has made significant strides towards becoming a carbon-neutral society, surpassing its 2024 greenhouse gas reduction ...; HONG MOON HWA Senior Reporter 2025.05.20

Daejeon City and Korea Tourism Association Gear Up for Globalizing 'Daejeon Zero O'Clock Festival': Daejeon, South Korea – With the aim of elevating its status as a premier tourist destination, Daejeon City has officially pa ...; KO YONG-CHUL Reporter 2025.05.20

Chungcheongnam-do Lays Groundwork for 50 and 100-Year Economic Future: CHUNGCHEONGNAM-DO – Chungcheongnam-do Province is aggressively pursuing a comprehensive strategy to secure its economic futu ...; HONG MOON HWA Senior Reporter 2025.05.20

"Cheonan Bakery Pilgrimage Group" Sees Explosive Demand: Cheonan, South Korea – The city of Cheonan, aiming to cement its reputation as a "City of Bread," has witnessed an overwhelm ...; HONG MOON HWA Senior Reporter 2025.05.20

Cheonan City Forges Ahead as AI Talent Hub with University Collaboration: CHEONAN, South Korea – Cheonan City is embarking on an ambitious initiative to cultivate artificial intelligence (AI) talent ...; KO YONG-CHUL Reporter 2025.05.20

Daejeon Health and Environmental Institute Launches Soil Contamination Survey in 85 High-Risk Areas: DAEJEON, South Korea – The Daejeon Institute of Health and Environment (DIHE) is set to commence a comprehensive survey of 8 ...; KO YONG-CHUL Reporter 2025.05.20

Daejeon City and Hana Bank Launch 'Kkumssi Family Hana Account' with Attractive Benefits for Young Children: DAEJEON, South Korea – Daejeon City, in collaboration with Hana Bank, is set to launch the 'Kkumssi Family Hana Account' thi ...; HONG MOON HWA Senior Reporter 2025.05.20

Daejeon to Host ISAIA 2026, Poised for Global Architectural Stage: DAEJEON, South Korea – Daejeon is set to significantly elevate its global standing in urban architectural culture following ...; HONG MOON HWA Senior Reporter 2025.05.20

Police Raid Daegu City Council and Five District Councils Amid Embezzlement Allegations: DAEGU, South Korea – Police have launched a series of raids on the Daegu Metropolitan Council and five district councils, in ...; Yim Kwangsoo Correspondent 2025.05.20

The Secret Service that prevented the arrest of Yoon Seok-yeol… Announced its own organizational reform plan: SEOUL – The Presidential Security Service (PSS) of South Korea announced a sweeping set of reforms on May 20, aimed at resto ...; KO YONG-CHUL Reporter 2025.05.20

Drunken Driver's Sentence Increased on Appeal After Fatal 159 km/h Crash: JEONJU, South Korea – A 50-year-old man who, while intoxicated, sped through a city center at 159 kilometers per hour, causi ...; Hwang Sujin Reporter 2025.05.20

Daegu Citizens Push for Repeal of Park Chung-hee Memorial Ordinance: DAEGU, South Korea – A significant number of Daegu citizens are actively pursuing the repeal of an ordinance that supports m ...; Hee Chan Kim Reporter 2025.05.20

Taean County Launches "Coastal Healing Journey" with Beach Road Stamp Tour Ahead of "Visit Taean Year 2025": TAEAN, South Chungcheong Province – As part of its preparations for the "Visit Taean Year 2025," Taean County is rolling out ...; Hwang Sujin Reporter 2025.05.20

Allegations of "Political Parachuting" at Incheon Airport Ahead of South Korean Presidential Election: In a move that has sparked significant controversy, South Korea's Incheon International Airport Corporation (IIAC) is facing accus ...; ONLINE TEAM 2025.05.20