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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HMM Expands Its Container Service to South America: Busan, South Korea, January 16, 2025 – HMM, a leading global shipping company, announced today that it will launch a new con ...; Global Economic Times Reporter 2025.01.16

South Korea Issues Stamps Commemorating Repatriated Cultural Heritage: Seoul, South Korea – The Korea Post Office has announced the issuance of commemorative stamps on April 24th to celebrate the ...; KO YONG-CHUL Reporter 2025.01.16

Daejeon City Expands Zoning Incentives to Boost Development and Alleviate Parking Concerns: Daejeon, South Korea – In a move to streamline land use around transportation hubs and address long-standing parking issues, ...; HONG MOON HWA Senior Reporter 2025.01.16

Xiaomi Launches Aggressive Push into South Korean Market with 14 New Products: Seoul, South Korea – Xiaomi, the Chinese tech giant, has announced its intention to significantly expand its presence in the ...; Global Economic Times Reporter 2025.01.15

Gyeonggi-do's Gyoewayeon Line Reopens After 20-Year Hiatus: Seoul, South Korea – January 10, 2025 – The Gyeonggi-do provincial government announced today that the Gyoewayeon Line ...; Desk 2025.01.15

South Korea Sees Surge in Overseas Emergency Medical Consultations: Seoul, South Korea – The South Korean National Fire Agency reported a significant 18.5% increase in the number of overseas e ...; KO YONG-CHUL Reporter 2025.01.14

Incheon Launches AI Chatbot to Enhance Citizen Services: Incheon, South Korea – Incheon City has introduced a new 24-hour AI chatbot service, "Incheon Talk Talk," designed to provid ...; Min Gyu Mi Reporter 2025.01.14

Incheon City to Maintain Child Care Services During Lunar New Year: Incheon, South Korea – Incheon City has announced that it will continue to provide child care services throughout the Lunar ...; Global Economic Times Reporter 2025.01.14

Bucheon City Urges Travelers to Take Precautions Against Mosquito-Borne Diseases: Bucheon, South Korea – With the increasing number of overseas trips during the New Year and Lunar New Year holidays, Bucheon ...; Min Gyu Mi Reporter 2025.01.14

Bucheon City Invites Community Groups to Revitalize Local Areas: Bucheon City, South Korea, is calling on community groups to participate in its 2025 Village Community Resident Proposal Project. ...; Min Gyu Mi Reporter 2025.01.14

Bucheon City Expands Self-Reliance Programs to Empower Low-Income Residents: Bucheon, South Korea – Bucheon City has announced an ambitious plan to expand its self-reliance programs, aiming to provide ...; Min Gyu Mi Reporter 2025.01.14

Seoul Expands Suicide Prevention Measures on Han River Bridges: Seoul, South Korea – The Seoul Metropolitan Government is set to install additional suicide prevention facilities on five Ha ...; Hwang Sujin Reporter 2025.01.14

South Korea Unveils Ambitious Plan to Revitalize Rural Areas and Boost Agriculture: Seoul, South Korea – The Ministry of Agriculture, Food, and Rural Affairs (MAFRA) has announced a comprehensive plan to revi ...; Desk 2025.01.14

Early Detection of Paralytic Shellfish Poisoning in Busan: Busan, South Korea – Paralytic shellfish poisoning (PSP), a harmful algal bloom that can contaminate shellfish and cause ser ...; Hwang Sujin Reporter 2025.01.14

Fish Cakes Pack a Salty Punch: Consumer Agency Warns of High Sodium Levels: SEOUL, South Korea – A recent study by the Korea Consumer Agency has revealed that popular wintertime snack, fish cakes (eom ...; Desk 2025.01.14

Affordable Housing Expansion Targets Diverse Needs Across South Korea: Seoul, South Korea – The South Korean government is expanding its affordable housing program to cater to a wider range of re ...; Global Economic Times Reporter 2025.01.14

Sejong to Build 108-Meter Tower Commemorating Hangul Creation: Sejong City, South Korea – Sejong City has announced ambitious plans to construct a monumental tower to commemorate the crea ...; HONG MOON HWA Senior Reporter 2025.01.14

Geumcheon District to Reflect Residents' Opinions in Air Force Base Redevelopment: Geumcheon-gu, Seoul, Korea – Geumcheon District announced on Thursday that it has completed a survey conducted since last Oc ...; Desk 2025.01.14

Chungcheongnam-do Province in South Korea actively seeks to attract overseas Korean residents: Chungcheongnam-do Province in South Korea has embarked on an ambitious initiative to attract overseas Korean residents. The provin ...; Global Economic Times Reporter 2025.01.14

Dollar Strength and US Stock Decline Drag Down Korean Markets: Seoul, South Korea – The Korean financial market faced a cold snap on Wednesday as the US dollar strengthened globally and U ...; KO YONG-CHUL Reporter 2025.01.14