Global Economic Times

2026.07.21 (Tue)
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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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Driving Cognitive Skills Plunge at Age 70: Calls for Earlier License Renewal Intervals: (C) Fox2 SEOUL — New research suggests that the mandatory age for shortened driver’s license renewal cycles should be ...; Hee Chan Kim Reporter 2025.12.21

Coupang Faces Class-Action Lawsuit in U.S. Over Massive Data Breach and Disclosure Failures: (C) KED Global NEW YORK – Coupang Inc., the dominant leader in South Korea’s e-commerce market, is facing intense leg ...; KO YONG-CHUL Reporter 2025.12.21

Consumer Agency Orders SKT to Pay ₩100,000 to Hack Victims; Total Payout Expected to Reach ₩2.3 Trillion: (C) Telecompaper SEOUL – The Consumer Dispute Settlement Commission (CDSC), under the Korea Consumer Agency, has reached a ...; Global Economic Times Reporter 2025.12.21

The Return of High-Speed Aviation: Bombardier Delivers the Global 8000: (C) Robb Report The era of slow long-haul travel is facing a formidable challenger. Canadian aerospace giant Bombardier has offic ...; Eugenio Rodolfo Sanabria Reporter 2025.12.21

'Santa' Bandits Rob Canadian Supermarket to Protest Corporate Greed: (C) CTV News MONTREAL – In a scene reminiscent of a modern-day Robin Hood tale, a group of individuals dressed as Santa Cla ...; Eugenio Rodolfo Sanabria Reporter 2025.12.21

Tech Giants Advise Foreign Staff Against International Travel Amid U.S. Visa Delays: (C) Thereport.live SAN FRANCISCO – Tech industry leaders including Google and Apple have issued urgent travel advisories to ...; Global Economic Times Reporter 2025.12.21

Mass Cheating Allegations Hit Seoul National University Online Exam; New Countermeasures Underway: (C) K-campus SEOUL — Seoul National University (SNU) is reeling from allegations of widespread cheating during a final exam ...; Global Economic Times Reporter 2025.12.21

Oscars to Exit Traditional TV: YouTube Becomes Exclusive Global Home Starting 2029: (C) Deadline The Academy Awards, the pinnacle of cinematic achievement, is preparing for its most significant broadcast shift i ...; Eunsil Ju Reporter 2025.12.19

"Land of Immigrants" No More? Trump Admin to Escalate Denaturalization: (C) Swissinfo The Trump administration is signaling a dramatic shift in immigration policy, moving beyond border enforcement to t ...; Hwang Sujin Reporter 2025.12.19

Return Home After a Long Wait… 82 Sakhalin Koreans Return for Permanent Settlement via Donghae Port: (C) Overseas Koreans Agency On December 18, 82 Sakhalin Koreans and their descendants—who were unable to return to their ...; KO YONG-CHUL Reporter 2025.12.19

Restoring the Pulse of the City: Daejeon’s First City Hall to Reopen as ‘Sigong-hoedang’: The appearance of the Daejeon Metropolitan Government Building in the 1950s (left) and its current appearance (C) City of Daeje ...; HONG MOON HWA Senior Reporter 2025.12.18

Seoul City Rings in the Festive Season with Limited-Edition 'Hechi & Soul Friends' Winter Emoticons: (C) Seoul Metropolitan Government SEOUL – As the year winds down and the winter chill settles over the capital, the Seoul M ...; Shin Yeju 2025.12.18

Even Elite "Collective Intelligence" Fails: Seoul National University Students Miss the Mark on Exchange Rate Forecasts: (C) HelloCation It is often said in financial circles that "only God knows the exchange rate." This adage was proven true once ag ...; Cho Kijo Reporter 2025.12.18

Silicon Valley "Grapevine" Event Spotlights Young Talents for South Korea's Tech Future: (C) EE Times SANTA CLARA, CA — "Do you happen to know how many hearts an octopus has?" This unconventional opening sparked ...; Graciela Maria Reporter 2025.12.18

U.S. Congress Passes 2026 NDAA: A Legislative Fortress Against Unilateral Troop Withdrawals: (C) Ommcom News WASHINGTON D.C. — In a decisive move to safeguard long-standing alliances, the U.S. Senate passed the Natio ...; Eunsil Ju Reporter 2025.12.18

South Korean AI Models Flunk College Entrance Math Exams, Lagging Far Behind Global Leaders: (C) Seeking Alpha SEOUL— A recent performance comparison of South Korea's leading large language models (LLMs), often dubbe ...; Yim Kwangsoo Correspondent 2025.12.15

Chinese Tycoons Pursue 'Musk-Like' Progeny via US Surrogacy: (C) Channel3000 (SEOUL/LOS ANGELES) — A growing number of Chinese billionaires are reportedly leveraging American surroga ...; Hwang Sujin Reporter 2025.12.15

Lee Vows Stronger Penalties for Data Breaches: "Make Companies Feel They Will Go Bankrupt": (C) Modern Diplomacy President Lee Jae-myung on Friday called for significantly stricter penalties against companies responsible ...; KO YONG-CHUL Reporter 2025.12.13

China-Russia Bombers Target Tokyo in First Joint Pacific Demonstration: (C) AL Arabiya Chinese and Russian bombers have caused ripples in the East Asian security landscape by showcasing their flight ...; KO YONG-CHUL Reporter 2025.12.13

[Deep Report] The Black Hand Behind the Mask of Disguise: The Reality of Cult Corporate Entities' Encroachment on Power Across Korean Society: (C) Pixabay The recent actions of certain religious groups in Korean society have moved beyond mere issues of faith to become s ...; KO YONG-CHUL Reporter 2025.12.13