Global Economic Times

2026.07.23 (Thu)
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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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Panama City Gears Up for Carnival 2025: Mayor's Decree Sets the Stage for Festivities: Panama City is buzzing with anticipation as the Mayor’s Office unveils the official regulations for Carnival 2025. Mayoral D ...; Eugenio Rodolfo Sanabria Reporter 2025.03.01

Curbing Insurance Fraud: South Korea Tightens Traffic Accident Compensation: The South Korean government is taking decisive action to address the persistent issue of insurance fraud within the realm of traff ...; Yim Kwangsoo Correspondent 2025.03.01

Jeonju's All-Out Effort to Attract Advanced Bio Industry: Fostering Innovation Ecosystem and Revitalizing Economy: Jeonju City is making proactive moves to attract companies in the bio sector, a future growth engine. In connection with the recru ...; Desk 2025.03.01

Seoul Pioneers Future Education with Online School Launch: Seoul is taking a bold step into the future of education with the grand opening of the Seoul Online School on March 1, 2025. This ...; Global Economic Times Reporter 2025.03.01

Goryeo Celadon from Netflix's 'Heavy Trauma Center' Showcases the Origin of K-Culture to the World: The recent surge in popularity of Netflix's global TV show 'Heavy Trauma Center,' which topped the non-English TV show category, h ...; Desk 2025.03.01

Gangjin Celadon Festival Offers Special Discounts and Auction: In celebration of the 53rd Gangjin Celadon Festival, Gangjin-gun is hosting a special discount event at the Gangjin Gwanyo store, ...; Desk 2025.03.01

South Korea's "Rich" Threshold Climbs to 3.3 Billion Won Amidst Growing Asset Disparity: SEOUL – A recent survey conducted by Korea Gallup reveals a significant shift in South Koreans' perception of wealth, with t ...; Yim Kwangsoo Correspondent 2025.03.01

Stricter Portable Battery Rules Take Flight in South Korea Amid Safety Concerns: SEOUL, South Korea – In a move aimed at bolstering passenger safety, South Korea has implemented stricter regulations regard ...; KO YONG-CHUL Reporter 2025.03.01

Decline in Overseas Korean Police Attachés Amidst Rising Crime Against Nationals: The number of Korean police attachés stationed overseas is decreasing, despite the increasing number of crimes involving Ko ...; Sharon Yoon Correspondent 2025.03.01

Bikini Day: A Tragedy of the Nuclear Age and a Wish for Peace: Bikini Day may evoke images of a vibrant beach vacation, but it is actually a day to remember the tragic consequences of nuclear t ...; Global Economic Times Reporter 2025.03.01

Far-Right Rally Against President Yoon's Impeachment Escalates into Misogyny and Violence: In South Korea, a far-right rally opposing the impeachment of President Yoon Suk-yeol has escalated into misogyny and violence, sp ...; KO YONG-CHUL Reporter 2025.03.01

Statue of Peace "Nujin" Finds New Home in Kassel After Two-Year Ordeal: Kassel, Germany - The "Statue of Peace," named "Nujin," which was controversially removed from the University of Kassel campus nea ...; Global Economic Times Reporter 2025.03.01

Jeonbuk Emerges as Surprise Candidate for 2036 Olympics, Defeating Seoul in Landslide Victory: SEOUL - In a stunning upset, Jeonbuk Province has been selected as the domestic candidate to host the 2036 Summer Olympics, overco ...; KO YONG-CHUL Reporter 2025.03.01

Homeplus's Credit Rating Takes a Dive as Financial Woes Deepen: Seoul, South Korea – Homeplus, a major South Korean retailer, has seen its credit rating downgraded by both Korea Ratings an ...; KO YONG-CHUL Reporter 2025.03.01

March 1st Movement: Korea's Cry for Independence Against Imperial Japan: On March 1, 1919, the Korean Peninsula resounded with cries of "Long live Korean independence!" This historic moment marked the Ko ...; KO YONG-CHUL Reporter 2025.03.01

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Champasack Province to Transform Million-Year-Old Volcano into Premier Tourist Destination: PAKSONG DISTRICT, Champasack Province, Laos – Champasack Province is embarking on an ambitious project to elevate the Millio ...; Pedro Espinola Special Correspondent 2025.02.28

Transatlantic Trade War Looms as Trump's Tariffs Ignite European Fury: WASHINGTON D.C./BRUSSELS – A significant escalation in transatlantic trade tensions has erupted following former U.S. Presid ...; Hannah Yeh Reporter 2025.02.28