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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Middle-Class Squeeze: Disposable Income Plummets to Five-Year Low: Seoul – South Korea’s middle class is feeling the pinch, with disposable household income falling below 700,000 won fo ...; Min Gyu Mi Reporter 2025.03.25

Wildfires Ravage Cultural Heritage Sites in Sancheong and Hadong: "Amidst the spreading damage from the large wildfires in Sancheong County and other areas, there are widespread expressions of reg ...; KO YONG-CHUL Reporter 2025.03.25

Wildfire in Gimhae Persists for Third Day, Complete Extinguishment Remains Challenging: A wildfire that broke out on the 106th hill of Angok-ri, Hallim-myeon, Gimhae City, at 2:03 PM on the 22nd, continues for the thir ...; KO YONG-CHUL Reporter 2025.03.25

Wildfire in Sancheong Spreads to Hadong, Forcing Evacuation of Over 800 Residents: A wildfire that started in Sicheon-myeon, Sancheong-gun, four days ago, continues to rage, rapidly spreading to Okjong-myeon, Hado ...; KO YONG-CHUL Reporter 2025.03.25

Jeju Youth Center Launches ‘2025 NEW Youth Together’ Club Support Project: JEJU, South Korea – The Jeju Special Self-Governing Province, in collaboration with the Jeju Youth Center, has announced the ...; Global Economic Times Reporter 2025.03.25

Jeju Launches First Smart Farm Rental Project for Young Farmers: JEJU ISLAND, South Korea - The Korea Rural Community Corporation (KRC) is spearheading a groundbreaking initiative to support youn ...; Desk 2025.03.25

Jeju Tourism Hits 5-Year Low, Domestic and International Tourists on the Decline: Despite the peak spring flower season, Jeju Island is experiencing a significant drop in tourist numbers, hitting a 5-year low. Th ...; Hwang Sujin Reporter 2025.03.25

Controversy Erupts Over US LMO Potato Imports in South Korea: Seoul – The South Korean government's decision to approve the import of genetically modified (LMO) potatoes from the United ...; Hwang Sujin Reporter 2025.03.24

Paraguay Recognized in Global Infant Nutrition: LQF Wins Nutricia's 'Partner of the Year' Award: La Química Farmacéutica SA (LQF) from Paraguay has been awarded the '2024 Partner of the Year' by Nutricia Worldwide ...; KO YONG-CHUL Reporter 2025.03.24

Paraguayan Agricultural Market Faces Record Price Hikes, Escalating into National Crisis: Recently, food prices in the Paraguayan agricultural market have risen sharply, escalating into a national crisis. According to da ...; Eugenio Rodolfo Sanabria Reporter 2025.03.24

San Rafael Parish in Asuncion, Paraguay, Holds Hamburger Distribution Event for Homeless at Bus Terminal: The San Rafael Parish in Asuncion, Paraguay, held a hamburger distribution event to help children, adolescents, and elderly people ...; Yim Kwangsoo Correspondent 2025.03.24

2025 World Happiness Report: Vietnam Rises to 46th Place, 2nd in Southeast Asia: According to the '2025 World Happiness Report' released by the University of Oxford's Wellbeing Research Centre on March 20, Vietn ...; Graciela Maria Reporter 2025.03.24

Singaporean Researchers Develop Sustainable Rice Farming Method to Combat Climate Change: Researchers at Temasek Life Sciences Laboratory (TLL) in Singapore have developed a sustainable rice farming method to reduce the ...; Graciela Maria Reporter 2025.03.24

Singapore Nights: 10 Must-Visit Attractions for an Unforgettable Evening: Singapore's nightlife is a captivating experience, offering a different charm from its daytime allure. The city comes alive with d ...; KO YONG-CHUL Reporter 2025.03.24

Community Chest and DDB Group Singapore Launch 'A Million Dreams' Campaign: Community Chest and DDB Group Singapore have launched the 'A Million Dreams' campaign, aiming to redefine the meaning of 'giving' ...; Desk 2025.03.24

Marina Industries Association (MIA) to Participate in Singapore Yachting Festival and Southeast Asia Marina Conference 2025: The Marina Industries Association (MIA) has announced its participation in the Singapore Yachting Festival and Southeast Asia Mari ...; Ana Fernanda Reporter 2025.03.24

Brazil Faces Alarming Water Loss, Equivalent to Twice the Size of São Paulo: Brazil lost 400,000 hectares of water surface in 2024, an area equivalent to more than twice the size of the city of São Pa ...; KO YONG-CHUL Reporter 2025.03.23

Chinese Crew Rescues Six Castaways in International Act of Solidarity: In a remarkable display of international solidarity, a Chinese cargo ship crew rescued five Brazilian nationals and a Dutch touris ...; ONLINE TEAM 2025.03.23

Bolivians Protest Nationwide Fuel Shortages and Economic Crisis: Thousands of Bolivians took to the streets in La Paz and El Alto this Wednesday, staging massive protests against the country's cr ...; Yim Kwangsoo Correspondent 2025.03.23

Belgium Bolsters Military Logistics with Acquisition of New Armored Vehicles: Brussels, Belgium – In a move aimed at enhancing its military's operational efficiency amidst escalating geopolitical tensio ...; ONLINE TEAM 2025.03.23