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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Japan Aims to Boost Female Pilot Numbers with Civil Aviation College Quota: TOKYO – Japan's transport ministry is taking steps to address the low representation of women in the country's aviation indu ...; Ana Fernanda Reporter 2025.02.25

Japanese Banks Engage in Heated Deposit Rate Competition Following BOJ Policy Shift: TOKYO – Japanese banks are locked in an increasingly fierce competition for deposits, raising interest rates on savings acco ...; KO YONG-CHUL Reporter 2025.02.25

Six Newly Discovered Letters from Yukio Mishima Shed Light on Ishihara’s Political Career: TOKYO – Six letters penned by literary giant Yukio Mishima to writer and politician Shintaro Ishihara have recently surfaced ...; Ana Fernanda Reporter 2025.02.25

New Kawamozuku Algae Species Discovered in Heart of Tokyo: TOKYO – In a surprising discovery highlighting the resilience of nature even in urban environments, a research team led by t ...; Eugenio Rodolfo Sanabria Reporter 2025.02.25

Stranded and Revictimized: Thousands Fleeing Myanmar Scam Centers Face Limbo at Thai Border: Mae Sot, Thailand – Thousands of individuals rescued from online scam operations in Myanmar are facing a precarious situatio ...; Ana Fernanda Reporter 2025.02.25

Crowd Dynamics in Public Spaces: A Study Reveals Physical Laws Governing Collective Movement: Crowded spaces are inherently dangerous due to the lack of room for individuals to move freely. This can lead to chaotic situation ...; Eunsil Ju Reporter 2025.02.25

Asteroid 2024 YR4's Earth Impact Probability Drops to Near Zero: The possibility of asteroid 2024 YR4 colliding with Earth in 2032 has significantly decreased. Initially, the impact probability w ...; Ana Fernanda Reporter 2025.02.25

Why scratching makes you itchier: Unraveling the mystery of itch and inflammation: Itching is an unpleasant sensation that triggers the urge to scratch. It is often caused by substances or inflammation that irrita ...; Graciela Maria Reporter 2025.02.25

Minor Savings Accounts in South Korea See 20% Increase in 4 Years: Seoul – The balance of minor savings accounts at major South Korean banks has surged by over 20% in the past four years, rai ...; Hwang Sujin Reporter 2025.02.24

South Korea's Life Satisfaction Plummets After Years of Improvement: Seoul – After a period of steady increase, South Korea's life satisfaction has taken a significant downturn, raising concern ...; Desk 2025.02.24

Ministry of Culture, Sports and Tourism Holds 'Love Korea' in Bangkok to Attract Thai Tourists: The Ministry of Culture, Sports and Tourism (Minister Yoo In-chon) and the Korea Tourism Organization (Acting President Seo Young- ...; Eugenio Rodolfo Sanabria Reporter 2025.02.24

Two Korean Missionaries Killed in Robbery Attack in Madagascar: Two Korean missionaries who dedicated their lives to medical and agricultural mission work in Africa were killed in a robbery in M ...; KO YONG-CHUL Reporter 2025.02.24

Korean Diaspora Agency Commissioner Lee Sang-deok Holds Meetings with Koreans in Australia and 'NextGen Economic Seminar': Lee Sang-deok, Commissioner of the Overseas Koreans Agency, visited Melbourne and Sydney, Australia from the 20th to the 22nd to h ...; KO YONG-CHUL Reporter 2025.02.24

Doosan Group Strengthens Support for Working Parents with Enhanced Childbirth and Childcare Benefits: Doosan Group has announced a significant expansion of its childbirth and childcare support system to promote work-life balance for ...; Desk 2025.02.23

Nightmare After Dream Vacation: 30-Year-Old Woman Contracts Rare Parasitic Infection: A 30-year-old woman who returned from a dream vacation in Thailand, Japan, and Hawaii is now battling a rare parasitic infection k ...; Hwang Sujin Reporter 2025.02.23

49 Schools to Close in Korea This Year Due to Declining Birth Rate: A total of 49 elementary, middle, and high schools across the country are expected to close this year due to a decrease in the sch ...; Hwang Sujin Reporter 2025.02.23

Zero-Sugar Drinks: A Sweet Deception?: The popularity of zero-sugar drinks has surged as consumers seek healthier alternatives to traditional sugary beverages. However, ...; Hwang Sujin Reporter 2025.02.23

Yonsei University's AAP Program to Cultivate Risk Management Experts Opens Next Month: The Advanced Analyst Program (AAP), a program designed to train risk management experts, will open on March 12th. The program is j ...; Desk 2025.02.23

Business lobby groups urge halt to revisions of commercial law: Korean business lobby groups are calling on the government to stop discussions on revisions to the commercial law, which they say ...; Global Economic Times Reporter 2025.02.23