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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Dangjin City Unveils New Policies to Enhance Residents' Quality of Life: Dangjin, South Korea – Dangjin City has announced a comprehensive set of new and revised policies for 2025, aimed at improvi ...; HONG MOON HWA Senior Reporter 2025.01.01

Daejeon Subway Faces Criticism Over Inaccurate Foreign Language Translations: Daejeon, South Korea – Foreign visitors to Daejeon are facing difficulties navigating the city's subway system due to inaccu ...; HONG MOON HWA Senior Reporter 2025.01.01

South Korea Passes Law Eliminating Statute of Limitations for State-Sponsored Human Rights Abuses: Seoul, South Korea – The South Korean National Assembly on [date] passed a landmark law that eliminates the statute of limit ...; Global Economic Times Reporter 2025.01.01

Mokpo and Suncheon National Universities Submit Merger Application: Mokpo, South Korea – Mokpo National University and Suncheon National University have jointly submitted a merger application ...; Desk 2025.01.01

Bucheon City Improves Pedestrian Safety and Accessibility Under First Circular Highway: Bucheon, South Korea – Bucheon City announced today that it has successfully completed the expansion and renovation of pedes ...; KO YONG-CHUL Reporter 2025.01.01

International Experts Question Airport Design in Fatal Jeju Air Crash: Seoul, South Korea – Aviation experts from around the world are casting doubt on the design of Muan International Airport af ...; ONLINE TEAM 2025.01.01

Saemangeum Airport Runway Length Under Scrutiny After Fatal Crash: The recent fatal crash of a Jeju Air passenger plane at Muan International Airport has reignited concerns about the safety of shor ...; Global Economic Times Reporter 2025.01.01

Jeju National University Announces Increased Enrollment for 2025 Regular Admissions: Jeju City, South Korea – Jeju National University has announced an increase in the number of students it will admit for the ...; KO YONG-CHUL Reporter 2025.01.01

AI-Powered Groundwater Management System to Be Implemented in Jeju Island: Jeju City, South Korea – Jeju Special Self-Governing Province is set to pioneer the use of artificial intelligence (AI) in g ...; KO YONG-CHUL Reporter 2025.01.01

South Korea Boosts Support for Eco-Friendly Aquaculture: Seoul, South Korea – The South Korean Ministry of Oceans and Fisheries has announced a significant expansion of its Eco-frie ...; Global Economic Times Reporter 2024.12.31

South Korea Reports Significant Variance in Pet Care Costs Across Regions: Seoul, South Korea – A recent survey conducted by the Ministry of Agriculture, Food, and Rural Affairs has revealed substant ...; Hwang Sujin Reporter 2024.12.31

Korea Launches Expanded Green Remodeling Program for Public Buildings: Seoul, South Korea – The Korea Appraisal Board (KAB) announced today that it will be accepting applications for its Green Re ...; ONLINE TEAM 2024.12.31

KOBC Spearheads Green Shipping Initiative to Combat Port City Pollution: Seoul, South Korea – The Korea Ocean Business Corporation (KOBC) is at the forefront of the global effort to combat ship emi ...; JEONG CHAN MYEONG Senior Reporter 2024.12.31

Controversial Design of Runway Equipment Cited in Fatal Jet Crash: MuAn, South Korea – The design of a runway guidance system at MuAn International Airport has come under intense scrutiny fol ...; Desk 2024.12.31

South Korea Boosts Support for Small Businesses in 2025: Seoul, South Korea – The South Korean government is set to introduce a series of measures aimed at bolstering the nation's s ...; Desk 2024.12.31

Com2us' 'Com:On 2024' Contest Draws Over 250 Entries: Seoul, South Korea – January 31, 2025 – Com2us, a leading global game company, announced today that its inaugural glob ...; Hwang Sujin Reporter 2024.12.31

South Korea Faces Scrutiny Over Airport Bird Strike Prevention: A recent plane crash at Muan International Airport in South Korea, attributed to a bird strike, has highlighted significant gaps i ...; KO YONG-CHUL Reporter 2024.12.31

Incheon City Finalizes Administrative Boundary Adjustment Between Michuhol-gu and Yeonsu-gu: Incheon, South Korea – Incheon City announced on December 31st that it had reached a final agreement on the adjustment of ad ...; KO YONG-CHUL Reporter 2024.12.31

Paju City to Construct Gongneung Riverside Plaza: Paju City announced on December 31st that it will invest 800 million won in special adjustment grants from Gyeonggi-do Province to ...; KO YONG-CHUL Reporter 2024.12.31

Climate Disasters Cause $229 Billion in Damages, Killing 2,000 in 2024: A new report from Christian Aid has revealed that 10 major climate disasters, including hurricanes and floods, caused $229 billion ...; Desk 2024.12.31