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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Bitcoin Stumbles at Year-End Despite Brief Rally: Seoul, South Korea – Bitcoin, the world's largest cryptocurrency, experienced a slight rebound on the last trading day of th ...; Global Economic Times Reporter 2024.12.31

South Korea to Expand Mobile ID and Social Contribution Programs: Seoul, South Korea – South Korea is set to introduce several new policies aimed at improving the lives of its citizens. Star ...; Hwang Sujin Reporter 2024.12.31

South Korean Ship Capsizes, Killing One and Leaving Four Missing: Seosan, South Korea – A tragic maritime accident occurred on December 30, 2024, when the 83-ton ship, "Seohaeho," capsized n ...; HONG MOON HWA Senior Reporter 2024.12.31

Rotary Korea Shines with Service in 2024, Spreading Hope Worldwide: Rotary Korea has announced its extensive domestic and international service activities conducted throughout 2024, underscoring the ...; HONG MOON HWA Senior Reporter 2024.12.30

Truck Drivers Stage Sit-In Protest at Seobuwon Ochang Mega Hub: Ochang, South Korea – A group of truck drivers employed at Seobuwon Ochang Mega Hub launched a sit-in protest early Wednesda ...; HONG MOON HWA Senior Reporter 2024.12.30

South Korea Passes Bill to Reintroduce Consolidated TV License Fee Collection: Seoul, South Korea – The National Assembly of South Korea has passed a revised Broadcasting Act that will reinstate the cons ...; Desk 2024.12.30

Tesla Korea's Advancements in Self-Driving Technology Spark Industry Excitement: Seoul, South Korea – Tesla Korea has made significant strides in advancing its self-driving technology, with the recent over ...; Eugenio Rodolfo Sanabria Reporter 2024.12.30

Pangyo Techno Valley Sees Significant Growth, Led by IT Startups: Pangyo, South Korea – The Gyeonggi Province announced the results of a comprehensive survey on the Pangyo Techno Valley, rev ...; Global Economic Times Reporter 2024.12.30

South Korea to Slash Rice Production Amidst Oversupply: Seoul, South Korea – The South Korean government has announced a significant reduction in rice cultivation to address the pe ...; ONLINE TEAM 2024.12.30

Jeju Air Flight Diverts Again Due to Landing Gear Issue: SEOUL, South Korea – A Jeju Air flight bound for Jeju Island was forced to turn back on Tuesday morning due to a landing gea ...; Desk 2024.12.30

179 Killed in Jeju Air Crash, Identification Process Nears Completion: MuAn, South Korea – Two days after a devastating plane crash claimed 179 lives, authorities in South Korea are racing to ide ...; Desk 2024.12.30

Aekyung Group CEO Apologizes for Jeju Air Crash: MuAn, South Korea – Aekyung Group Chairman Jang Young-shin has issued a public apology following a fatal plane crash involvi ...; Desk 2024.12.30

Ulsan Coast Guard Busts Illegal Deep-Sea Fishing Operation: Ulsan, South Korea – The Ulsan Coast Guard announced on Tuesday that it had apprehended 10 individuals, including boat owner ...; JEONG CHAN MYEONG Senior Reporter 2024.12.29

Ulsan Pet Owners Face Continued Uncertainty as Veterinary Clinics Ignore Pricing Laws: Ulsan, South Korea – Despite a South Korean law mandating that veterinary clinics display estimated prices for major treatme ...; Hwang Sujin Reporter 2024.12.29

Court Rules Hospital Liable for Woman's Death After C-Section: Seoul, South Korea – A Seoul court has ruled that a hospital is liable for the death of a woman who died following a cesarea ...; Desk 2024.12.29

Soaring Unenrollment Rates at Medical and Health Science Schools in South Korea: Seoul, South Korea – South Korea’s highly competitive medical school admissions landscape has experienced an unexpecte ...; Desk 2024.12.29

Short Runway May Have Contributed to Deadly Muan Airport Crash: Muan, South Korea – The deadly crash of Jeju Air flight 7C2216 at Muan International Airport has sparked renewed concerns ov ...; KO YONG-CHUL Reporter 2024.12.29

Bird Strikes Pose Growing Threat to Aviation Safety: Muan, South Korea – A recent incident at Muan International Airport, where a plane was suspected to have collided with a bir ...; KO YONG-CHUL Reporter 2024.12.29

LG Electronics Expands Accessibility Education for People with Disabilities: Seoul, South Korea – LG Electronics has announced a significant expansion of its accessibility education programs aimed at h ...; Desk 2024.12.29

South Korea's Birth Rate Sees Uptick, Ending Years-Long Decline: Seoul, South Korea – In a surprising turn of events, South Korea's long-standing declining birth rate appears to be reversin ...; Desk 2024.12.29