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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Forensic Analysis of Former Marine Commander's Phone to Resume After Dispute: SEOUL – The forensic analysis of the mobile phone belonging to former Marine Corps 1st Division Commander Lim Sung-geun, a c ...; KO YONG-CHUL Reporter 2025.04.28

Seoul to Honor Naval Hero Yi Sun-sin with New Memorial Hall and 'Yi Sun-sin Road': SEOUL, SOUTH KOREA – Seoul is set to immortalize the legacy of Admiral Yi Sun-sin, one of Korea's most revered historical fi ...; Desk 2025.04.28

Landmark Supreme Court Rulings Hold State Accountable for Samcheong Education Corps Atrocities: SEOUL – In a significant victory for victims of the notorious Samcheong Education Corps, South Korea's Supreme Court has iss ...; KO YONG-CHUL Reporter 2025.04.28

Private Sector Joins Forces to Expand Heat Relief Centers Across South Korea: SEOUL, South Korea – In a proactive move to combat the anticipated severe heatwaves this summer, the South Korean government ...; Hwang Sujin Reporter 2025.04.28

Paju City to Sue Activists Over Surprise North Korea Leaflet Drop: PAJU, South Korea – Paju City, a border region with North Korea, has announced its intention to sue and file criminal charge ...; Desk 2025.04.28

Long-Ruling Sika Deer on Anma Island Declared 'Harmful Wildlife' as Government Acts on Ecological Crisis: ANMA ISLAND, SOUTH KOREA - Decades of ecological disruption and agricultural devastation caused by an out-of-control population of ...; KIM YOUNG MIN 2025.04.28

Fierce Competition for Busan Public Sector Jobs as Application Numbers Soar: Busan, South Korea – The allure of public sector employment in Busan remains strong, as evidenced by the intensely competit ...; Desk 2025.04.28

Voice Phishing Scams in South Korea Surge, Targeting Older Demographics: A concerning surge in voice phishing (phone-based financial fraud) has been reported in South Korea during the first quarter of 20 ...; Hee Chan Kim Reporter 2025.04.28

South Korea Mandates Bi-Annual Safety Inspections for Motorcycles, Introduces Tuning Checks: In a move to enhance road safety and regulate modifications, South Korea has implemented mandatory bi-annual safety inspections fo ...; Kim Sungmoon Reporter 2025.04.28

SK Telecom Faces Mass USIM Replacement After Hack, Limited Supply Sparks Concern: SEOUL, South Korea - South Korean telecommunications giant SK Telecom is scrambling to replace the USIM cards of its 23 million su ...; Desk 2025.04.28

SK Telecom Faces Logistical Nightmare After USIM Hack Affects 25 Million Users: SEOUL, South Korea - SK Telecom, the leading mobile carrier in South Korea, is scrambling to contain the fallout from a recent hac ...; Desk 2025.04.28

Paraguayan Indigenous Community Connects to the Digital World with Free WiFi Project: The Sawhoyamaxa indigenous community of the Enxet tribe, located in Pozo Colorado, Presidente Hayes region of Paraguay, is experie ...; Yim Kwangsoo Correspondent 2025.04.28

Bill Proposed to Sanction Unfair Communication Fee Hikes… Expectations for Enhanced Consumer Protection: A recently proposed bill is drawing significant attention as it aims to curb the practices of telecommunication companies that rai ...; Pedro Espinola Special Correspondent 2025.04.28

Paraguay River Flood Warning: Asunción on High Alert: As the potential risk of the Paraguay River overflowing looms, the Paraguayan capital, Asunción, has entered a state of hig ...; Graciela Maria Reporter 2025.04.28

Singapore Faces Mounting Debt Crisis Due to Combined Romance and Investment Scams, Exceeding 1.5 Trillion Won in Damages and Emerging as a Social Problem: Singapore is grappling with a sharp increase in online fraud, which has become a serious social issue. In particular, a combinatio ...; Graciela Maria Reporter 2025.04.27

Controversy Over "Foreign Interference" Intensifies Ahead of Singapore General Election, Reaffirming Principle of Separation of Religion and Politics: As Singapore approaches its general election, the controversy surrounding foreign interference is intensifying. Masagos Zulkifli, ...; Graciela Maria Reporter 2025.04.27

Singapore General Election Imminent: Voting Procedures and Voter Guide: As Singapore approaches its General Election on May 3rd, approximately 2.75 million voters are expected to participate. This figur ...; KO YONG-CHUL Reporter 2025.04.27

Car-Free Streets Transform into Vibrant Festival Grounds in Jeju City: On April 26th, the "Car-Free Street Walking" festival unfolded in the old downtown area of Jeju City, drawing an estimated 12,000 ...; Yim Kwangsoo Correspondent 2025.04.27

The Relentless Battle Against the Blaze: A Look at the Inje Wildfire and Korea's Wildfire Preparedness: The early morning light filtering through the rugged terrain of Inje County offered a glimmer of hope as forest authorities announ ...; KIM YOUNG MIN 2025.04.27

Discover the Coastal Charms of Oido: A Blend of History, Nature, and Culture Beckons Visitors: Siheung, Gyeonggi-do, South Korea – Nestled along the coast of Siheung City in Gyeonggi Province, Oido Island presents a cap ...; Kim Sungmoon Reporter 2025.04.27