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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Hyundai to Challenge EV Record at Attack Tsukuba 2025 with Ioniq 5 N TA Spec: SEOUL, South Korea – Hyundai Motor Company announced today that it will be competing in the Attack Tsukuba 2025 race at the ...; Global Economic Times Reporter 2025.02.12

Telegram 'Vigilante Group' Leader Indicted for Sexually Exploiting 234 People: Kim Nok-wan (33), who operated a cyber sexual exploitation crime group named 'Vigilante Group' on Telegram and is accused of sexua ...; Desk 2025.02.12

Jeonbuk Education to Boost Global Talent Development with Korean Language Initiative: JEONBUK, South Korea – The Jeonbuk Special Self-Governing Province Office of Education is set to accelerate its efforts in f ...; ONLINE TEAM 2025.02.12

Retirement Pension Fees Snowballing, While Returns Lag Behind Inflation: Retirement pension fees charged by financial institutions in South Korea are ballooning, while investment returns remain dismally ...; Desk 2025.02.12

Incheon Modern Literature Museum to Support Author Meet-and-Greets at Local Bookstores: INCHEON – The Incheon Modern Literature Museum has launched a program called 'Shinbaram Neighborhood Bookstore Book Talk' to ...; Min Gyu Mi Reporter 2025.02.12

Yeonsu Hanmaeum Park Project Receives Green Light, Aiming for 2025 Completion: INCHEON – A significant step forward has been taken in the development of the Yeonsu Hanmaeum Park, a planned 82,649㎡ eco-fr ...; Min Gyu Mi Reporter 2025.02.12

Korean Siblings Convicted in Property Dispute Involving Terminally Ill Mother: INCHEON, South Korea – A Korean couple has been convicted of assault and trespassing after a violent confrontation with thei ...; KO YONG-CHUL Reporter 2025.02.12

Trauma Center Dilemma: The More Lives Saved, the Deeper the Deficit, What is the Solution?: The deficit problem of regional trauma centers, which was widely known through Professor Lee Guk-jong's National Assembly remarks ...; KO YONG-CHUL Reporter 2025.02.12

Gyeonggi Province Faces Dilemma: Balancing Public Transportation Fare Hikes with Economic Hardship: Gyeonggi Province is grappling with a difficult decision: whether to raise public transportation fares amidst a prolonged economic ...; Desk 2025.02.12

Incheon Airport Only Airport in Korea with Rising Bioterrorism Suspicion Reports: Incheon, South Korea – Incheon International Airport is the only airport in Korea that has been consistently receiving repor ...; KO YONG-CHUL Reporter 2025.02.12

Gyeonggi-do Farmers Resist Government's Rice Policy: Farmers in Gyeonggi-do, South Korea, are up in arms against the government's latest initiative to control rice production, citing ...; Min Gyu Mi Reporter 2025.02.12

Extended Retirement Age and Re-employment: A Hotly Debated Issue: Controversy over extending the retirement age is escalating as the government plans to raise the age for receiving national pensio ...; KO YONG-CHUL Reporter 2025.02.12

Over Half of Businesses Reject Refund Settlement in 'T-Mep' Incident, Leading to Lawsuit: SEOUL – The 'T-Mep' incident, involving TMON and WeMakePrice (collectively known as T-Mep) and causing a massive delay in re ...; Hwang Sujin Reporter 2025.02.12

Stricter Regulations on Auxiliary Batteries on Passenger Planes from Next Month: Starting next month, passengers will be required to take safety measures when bringing auxiliary batteries on board passenger plan ...; KO YONG-CHUL Reporter 2025.02.11

Vietnamese Navy Deploys Ship for Multinational Komodo 2025 Exercise in Indonesia: BA RIA-VUNG TAU, Vietnam – The Vietnamese Navy has dispatched Ship 09 of Naval Region 2’s Brigade 171 to participate i ...; Pedro Espinola Special Correspondent 2025.02.11

Vietnam Reigns Supreme as Top Family Travel Destination for Koreans: SEOUL – For the second consecutive year, Vietnam has cemented its status as the most popular international travel destinatio ...; Hwang Sujin Reporter 2025.02.11

Man Arrested After Alleged Attempted Assault on Priest in Singapore Church: SINGAPORE – A 22-year-old Singaporean man has been arrested following an alleged attempted assault on a priest at the Church ...; Eugenio Rodolfo Sanabria Reporter 2025.02.11

Circle Line Service Restored After Morning Rush Hour Disruption: SINGAPORE – Commuters faced significant delays on the Circle Line during Tuesday morning's rush hour due to a signaling syst ...; Ana Fernanda Reporter 2025.02.11

Singapore's Prima Taste Laksa La Mian Earns International Acclaim: Singapore's own Prima Taste has earned international recognition for its instant noodle offerings, with its Singapore Laksa La Mia ...; Graciela Maria Reporter 2025.02.11

Jeonnam Province to Focus on Revitalizing Fishing Village Economy in 2025: Jeonnam Province announced on the 10th that it will focus its administrative efforts on developing islands and fishing villages to ...; KO YONG-CHUL Reporter 2025.02.11