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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Graduate Student Detained for Sending Drones to North Korea: "Risk of Destroying Evidence and Flight": (C) KBS A graduate student in his 30s, identified as Mr. Oh, was arrested on February 26th for allegedly sending drones into No ...; KO YONG-CHUL Reporter 2026.02.26

US House Probes Coupang Over ‘Discriminatory’ Korean Regulations: Potential Catalyst for Section 301 Investigation?: (C) The Investor WASHINGTON D.C. — In a move that could signal a significant shift in U.S.-South Korea trade relations, t ...; Desk 2026.02.25

Ambassador Kang Kyung-wha Vows Strategic Response to U.S. Tariff Ruling Amid Trade Volatility: WASHINGTON, D.C. — South Korean Ambassador to the United States Kang Kyung-wha stated on Monday (local time) that the South ...; KO YONG-CHUL Reporter 2026.02.25

Dimon Warns: Lending Rivalry Echoes Pre-2008 Crisis Reckoning: (C) RTE NEW YORK – Jamie Dimon, the long-standing CEO of JPMorgan Chase, issued a stark warning to the financial world, c ...; Yim Kwangsoo Correspondent 2026.02.25

Man Arrested for Forging $4.5M in Checks to Flaunt Wealth; Scheme Exposed After Breakup: GUNPO, South Korea – A 33-year-old office worker, identified as Mr. A, has been arrested for forging bank checks worth appro ...; Hwang Sujin Reporter 2026.02.25

South Korea Secures Major Victory in Elliott ISDS Challenge, Saving $116 Million: (C) Nikkei Asia SEOUL – The South Korean government has successfully overturned an international arbitration award that o ...; Kim Sungmoon Reporter 2026.02.24

"Returning the Han River to Citizens": Mapo-gu to Transform Mangwon and Mapo Catchment Basins into Multipurpose Landmarks: (C) Seoul City SEOUL – Mapo-gu District, led by Mayor Park Kang-su, announced on the 23rd a comprehensive plan to moderni ...; Hwang Sujin Reporter 2026.02.24

Full News Article: Political Controversy Halts KINTEX Independence Day Concert: (C) SNS (Facebook) GOYANG — A major performance venue in Gyeonggi Province has abruptly canceled a scheduled concert foll ...; KO YONG-CHUL Reporter 2026.02.24

POSCO’s ‘Beyond’ 18th Volunteer Group Expands the Horizons of Sharing Through Technology: (C) POSCO Integrating Science, Technology, and Engineering into Global Philanthropy Over 1,500 Volunteers Empowered Over 19 Yea ...; Hwang Sujin Reporter 2026.02.23

South Korea and Brazil Elevate Ties to ‘Strategic Partnership’ Amid Push for Mercosur Trade Deal: SEOUL – In a landmark summit held at the Blue House on Monday, President Lee Jae-myung and Brazilian President Luiz In&aacut ...; Desk 2026.02.23

Kim Jong-un Signals "New Leap Forward" at 9th Party Congress, Buoyed by Strengthening Russia Ties: (C) The Hill PYONGYANG – North Korean leader Kim Jong-un opened the 9th Congress of the Workers' Party of Korea (WPK) on ...; Hwang Sujin Reporter 2026.02.20

Korean Cultural Center in Thailand Hosts ‘Korean Lunar New Year Festival’: The Korean Cultural Center in Thailand (Director Lee Sun-ju) held the ‘2026 Lunar New Year Festival’ at the Center on ...; KO YONG-CHUL Reporter 2026.02.20

Gyeongbuk Province to Invest 344 Billion Won to Elevate K-Food to Global Markets: [ANDONG, Gyeongbuk] – Gyeongsangbuk-do (Gyeongbuk Province) announced on February 19, 2026, a massive investment plan totali ...; Hee Chan Kim Reporter 2026.02.19

Jeju Oreum Trail Run Sells Out in 24 Hours, Signaling Global Leap for Sports Tourism: (C) Travel and Tour World JEJU ISLAND – The "2026 Jeju Oreum Trail Run," a signature sports tourism event organized by Je ...; KIM YOUNG MIN 2026.02.19

Incheon Environmental Corp. Offers Free Weekend Farm Plots to Yeongjongdo Residents: INCHEON – The Unbuk Office of the Incheon Environmental Corporation announced on Thursday that it will accept applications f ...; KO YONG-CHUL Reporter 2026.02.19

Police Arrest Record High 400 Physicians for Drug Offenses "Safety Insensitivity Regarding Propofol Cited; Most Cases Involve Misuse and Abuse": SEOUL — The number of physicians arrested by police for drug-related offenses reached nearly 400 last year, marking a record ...; Global Economic Times Reporter 2026.02.19

The Great Digital Divide: Average YouTuber Earnings Hit ₩71 Million as Top 1% Soar to ₩1.3 Billion: SEOUL — The dream of "making it big" as a full-time content creator continues to draw thousands of Koreans into the digital ...; ONLINE TEAM 2026.02.16

The Secret Behind the 'Modern Kim Seon-dal': How Coway Became Malaysia’s National Brand: SEOUL – Coway, South Korea’s rental market titan, has rewritten business history by achieving record-breaking growth f ...; Eugenio Rodolfo Sanabria Reporter 2026.02.16

The Rolex "Flipping" Era Ends: Luxury Watch Market Shifts Toward Elegance and Utility: (C) Watch Exchange For years, the formula for a quick profit was simple: buy a Rolex, wait a few months, and sell it for a double ...; Ana Fernanda Reporter 2026.02.16

Power Struggle Looming in Pyongyang: The Rising Star vs. The Iron Lady: SEOUL — As North Korean leader Kim Jong-un continues to showcase his young daughter, Kim Ju-ae, at major military events, se ...; Yim Kwangsoo Correspondent 2026.02.15

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