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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South Korea Denies North’s "Drone Incursion" Claims; Debris Found to Contain Commercial Parts: (C) DW SEOUL / PYONGYANG – Tensions on the Korean Peninsula escalated on Saturday as North Korea claimed to have downed Sou ...; KO YONG-CHUL Reporter 2026.01.10

Large-scale Wildfire Breaks Out in Uiseong, North Gyeongsang Province; Level 2 Emergency Response Issued Amid Resident Evacuations: (C) The Hans India UISEONG, North Gyeongsang — A massive wildfire erupted on Saturday afternoon in Uiseong-gun, North Gy ...; KO YONG-CHUL Reporter 2026.01.10

"You Are Our Heroes": Singaporean Hikers Send Gratitude to Korean Rescuers: (C) Gyeonggi Northern Provincial Fire & Disaster Headquarters. A heartwarming story has emerged of Singaporean tourists who, ...; Hwang Sujin Reporter 2026.01.09

Seoul Expands Citizen Safety Insurance to Cover Sinkhole Injuries and Deaths: (C) WANE 15 SEOUL – The Seoul Metropolitan Government announced on Friday, January 9, 2026, a significant expansion of it ...; Desk 2026.01.09

“Dedicated Department to Support Resettlement of Returning Overseas Koreans”... Overseas Koreans Agency Establishes ‘Returning Koreans Resettlement Support Division’: The Overseas Koreans Agency (Commissioner Kim Kyoung-hyup) will establish the “Returning Koreans Resettlement Support Divisi ...; KO YONG-CHUL Reporter 2026.01.08

The Algorithmic Abyss: How Digital Echo Chambers are Fracturing Modern Politics: (C) IBTimes India SEOUL — For 58-year-old Mr. Kim, a routine afternoon spent watching news clips on YouTube has become a jo ...; Hwang Sujin Reporter 2026.01.08

ROK Air Force to Recruit High Schoolers as "Pre-NCO Candidates" to Combat Personnel Shortage: (C) The Republic of Korea Air Force (ROKAF) In a decisive move to stabilize its shrinking manpower pool, the Republic of Korea ...; Desk 2026.01.08

Hyundai’s ‘Physical AI’ Metamorphosis: Chung Euisun Leads 130 Executives to CES 2026: (C) KMJ LAS VEGAS — In a move that signals a tectonic shift in its corporate identity, Hyundai Motor Group (HMG) has effect ...; Hwang Sujin Reporter 2026.01.08

Crisis of Credibility: South Korea’s Human Rights Commission Paralized by Political Strife and Internal Scandals: The National Human Rights Commission of Korea (NHRCK), established as an independent watchdog to protect the vulnerable, is curren ...; KO YONG-CHUL Reporter 2026.01.08

Park Jie-won Calls for 'Expulsion' of Kim Byung-ki Amid Corruption Scandal: "A Necessary Sacrifice for the Party": (C) MBC The internal crisis of the Democratic Party of Korea (DPK) has reached a critical juncture as veteran lawmaker Park Jie-w ...; Desk 2026.01.07

Daejeon Pavilion Opens at CES 2026… Moving Beyond Simple Exhibition Toward Tangible Results: (C) Daejeon Metropolitan City Daejeon Metropolitan City is set to accelerate the global expansion of local innovative companies ...; HONG MOON HWA Senior Reporter 2026.01.07

Four Officials Referred to Prosecution Over Severe ‘High-Pressure Water Gun’ Injury at Ansan Water Festival: ANSAN, South Korea — On January 6, local police announced that four individuals have been referred to the prosecution in con ...; KIM YOUNG MIN 2026.01.07

Koryoin Youth Enhance Job Competency by Learning Hotel Services in Their Motherland: (C) Overseas Koreans Agency Koryoin (ethnic Koreans from the former Soviet Union) youth residing both in Korea and abroad are p ...; KO YONG-CHUL Reporter 2026.01.07

Coastal Erosion in Gangneung Reaches Critical Levels: "Waves Swallowing Roads": (C) KBS GANGNEUNG — The scenic coastline of Gangneung, a premier tourist destination on South Korea’s eastern seaboar ...; HONG MOON HWA Senior Reporter 2026.01.06

"Submit Your Chat History": Professors Grapple with AI Integration in Universities: (C) South China Morning Post DAEGU, South Korea — On university campuses, the use of generative AI such as ChatGPT and Gemi ...; Hee Chan Kim Reporter 2026.01.06

Ministry of Trade to Launch Special Audit into KCCI Over APEC CEO Summit Budget Mismanagement: (C) APEC CEO SUMMIT KOREA 2025 SEOUL — The Ministry of Trade, Industry and Energy (MOTIE) has announced a rigorous special ...; KO YONG-CHUL Reporter 2026.01.06

S. Korean Foreign Ministry Prepares Evacuation Plan for Nationals Following U.S. Airstrikes in Venezuela: (C) Ministry of Foreign Affairs SEOUL — The South Korean government has placed its diplomatic mission in Venezuela on high ...; Kim Sungmoon Reporter 2026.01.06

Allegations of Influence Peddling: Rep. Kim Byung-kee Accused of Pressuring Police Over Wife’s "Law Card" Scandal: (C) KBS SEOUL — Representative Kim Byung-kee of the main opposition Democratic Party (DP) is facing intensifying scrutiny ...; KO YONG-CHUL Reporter 2026.01.06

Military Officer Accused of Drafting "Torture and Drug-Induced Confession" Manual Promoted to Colonel: (C) Minplus SEOUL — A high-ranking military officer suspected of drafting a manual on using torture and psychoactive drug ...; KO YONG-CHUL Reporter 2026.01.06

85% of Deepfake Pornography Sites Remain Accessible Despite Gov’t Blocking Orders: Audit: (C) Education Week SEOUL — A damning report by South Korea’s Board of Audit and Inspection (BAI) has revealed that mo ...; Desk 2026.01.06