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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Asiana Airlines to Require Passengers to Stow Own Carry-on Bags: Seoul, South Korea – Beginning January 2, 2025, Asiana Airlines will implement a new policy requiring passengers to stow the ...; KO YONG-CHUL Reporter 2024.12.03

Duty-Free Shoppers Shift to Specialty Stores: South Korea's Duty-Free Industry Struggles: Seoul, South Korea – South Korea's duty-free industry is facing a significant downturn as foreign tourists are increasingly ...; Hwang Sujin Reporter 2024.12.03

Kumho Petrochemical CEO Honored for ESG Leadership: Seoul, South Korea – Kumho Petrochemical Group Chairman Park Chan-gu has been awarded the prestigious 2024 Korea Management ...; Desk 2024.12.03

South Korea Lags Behind Neighbors in Food Security, Report Finds: Seoul, South Korea – A new report from the Korea Chamber of Commerce and Industry (KCCI) has highlighted South Korea's growi ...; Hwang Sujin Reporter 2024.12.02

NH Nonghyup Bank Offers Financial Relief to Snowstorm Victims: Seoul, South Korea – NH Nonghyup Bank has announced a special financial support program to assist individuals and small busi ...; Global Economic Times Reporter 2024.12.02

Kakao to Open Daum Portal to New Media Outlets: Seoul, South Korea – Kakao, the South Korean tech giant, announced on Tuesday that it will be accepting applications from ne ...; KO YONG-CHUL Reporter 2024.12.02

Korea Expands Road Weather Hazard Information Service: Seoul, South Korea – The Korea Meteorological Administration (KMA) announced on Tuesday that it is expanding its road weathe ...; ONLINE TEAM 2024.12.02

Chungcheong Region Urges Corporations to Lead in Charity Drive: Daejeon, South Korea – As the winter chill sets in, the Chungcheong region of South Korea is calling on local corporations t ...; HONG MUN HWA Senior Reporter 2024.12.02

Chungbuk Credit Unions Brace for Simultaneous Elections Amid Bribery Concerns: Chungju, Chungbuk – As the simultaneous elections for chairpersons of local credit unions in Chungbuk province draw near, au ...; HONG MUN HWA Senior Reporter 2024.12.02

Daejeon's Urban Integration Zone: A Stalled Engine: Daejeon, South Korea – The Daejeon Urban Integration Special Zone, envisioned as a new tech hub to rival the successful Pang ...; HONG MUN HWA Senior Reporter 2024.12.02

EcoPro Recognized as a Community Contribution Company for 6 Consecutive Years: EcoPro, a leading manufacturer of secondary battery materials, has been selected as a "Community Contribution Company" for the six ...; HONG MUN HWA Senior Reporter 2024.12.02

Residents of DaeCheong Lake Area Demand Regulatory Easing: Daejeon, South Korea – Local governments surrounding DaeCheong Lake are joining forces to demand the easing of stringent env ...; HONG MUN HWA Senior Reporter 2024.12.02

Chungnam National University and Kongju National University to Merge: Daejeon, South Korea – In a significant move to bolster higher education in the region, Chungnam National University and Kon ...; ONLINE TEAM 2024.12.02

Musinsa Standard Surpasses 10 Million Visitors in Physical Stores: Seoul, South Korea – [Date] – Musinsa Standard, a popular South Korean fashion brand, announced today that it has achi ...; ONLINE TEAM 2024.12.02

Hanwha Galleria Launches Generous Childcare Support Fund: Seoul, South Korea – Hanwha Galleria, a leading retail conglomerate in South Korea, has announced a significant new benefit ...; Hwang Sujin Reporter 2024.12.02

South Korea Seeks to Boost Retirement Income Through Diversified Pension System: Seoul, South Korea – South Korea is considering a shift in its pension policy, focusing on enhancing the efficiency of priva ...; Desk 2024.12.02

Daejeon City Recognizes 12 Companies as Women-Friendly Businesses: Daejeon, South Korea – Daejeon City, led by Mayor Lee Jang-woo, has recently recognized 12 companies for their exceptional e ...; Desk 2024.12.02

Busan Installs Inclined Elevators to Improve Accessibility in Hilly Areas: Busan, South Korea – Busan, a coastal city known for its hilly terrain, is investing heavily in improving accessibility for ...; Hwang Sujin Reporter 2024.11.30

Busan Hosts Its First International Children's Book Fair: Busan, South Korea – Busan, South Korea's second-largest city, hosted its inaugural International Children's Book Fair from ...; Hwang Sujin Reporter 2024.11.30

Yeongdeok Coast Geopark to Become a Hub for Eco-Tourism: Yeongdeok, South Korea – The Yeongdeok coast of the Gyeongbuk East Sea Geopark is set to become a major destination for eco- ...; Desk 2024.11.30