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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Stolen Buddhist Painting Returns to South Korea After 35 Years: Seoul, South Korea – A valuable Buddhist painting, known as "Shinjungdo," has been returned to its rightful home in South Ko ...; ONLINE TEAM 2024.11.25

Incheon City Targets Celebrity Earnings to Recover Unpaid Taxes: Incheon, South Korea – Incheon City has taken a novel approach to collecting unpaid taxes by targeting the royalties of cele ...; Desk 2024.11.25

HD Hyundai Honors Puerme Foundation with Prestigious Award: Seoul, South Korea – November 24, 2024 – HD Hyundai 1% Sharing Foundation announced today that Puerme Foundation, a le ...; Desk 2024.11.25

GoodPeople Delivers Kimchi to 2,000 Vulnerable Households for a Warm Winter: Seoul, South Korea – GoodPeople, an international humanitarian aid NGO, announced on November 22nd that it will be distribut ...; Hwang Sujin Reporter 2024.11.23

AI Poised to Revolutionize Lung Cancer Diagnosis in Latin America: A groundbreaking online forum is set to address the alarming rise in lung cancer cases, particularly in Latin America. Scheduled f ...; Graciela Maria Reporter 2024.11.23

Bats Navigate Using a Sophisticated Internal Map, Study Finds: A recent study published in Science has revealed that bats possess an extraordinary ability to navigate, even over long distances. ...; Ana Fernanda Reporter 2024.11.23

Naver Webtoon Disqualifies Controversial 'Isekai Pong Pong Nam' Amidst Backlash: Naver Webtoon has disqualified the webtoon "Isekai Pong Pong Nam" (literally translated as "Otherworld Easy Target Man") from its ...; Desk 2024.11.22

Bucheon City Takes Action Against Illegally Parked Electric Scooters: Bucheon, South Korea – Bucheon City has become the first city in Gyeonggi-do to implement a towing policy for illegally park ...; KO YONG-CHUL Reporter 2024.11.22

Surge in Complaints as South Korean Medical Clinics Close Abruptly, Leaving Patients Out of Pocket: Seoul, South Korea – South Korean consumers are increasingly falling victim to medical clinics that close unexpectedly, leav ...; Hwang Sujin Reporter 2024.11.22

Fire Destroys Golf Carts at Incheon Airport Golf Course: INCHEON, South Korea – A fire broke out at the Club72 golf course near Incheon International Airport on Sunday evening, dest ...; Desk 2024.11.21

Incheon Airport's New Terminal Set to Open Empty Amid Airline Restructuring: INCHEON, South Korea – Incheon International Airport is set to open a new, expanded terminal on December 3rd, but the facili ...; Hwang Sujin Reporter 2024.11.21

South Korea Considers Turning Abandoned Youth Center into International Education Hub: JEONBUK, South Korea – A newly constructed youth center in Saemangeum, originally intended for the World Scout Jamboree, is ...; KO YONG-CHUL Reporter 2024.11.21

South Korean Paper Manufacturers Fined for Price-Fixing Scheme: SEOUL, South Korea – The Fair Trade Commission (FTC) of South Korea has imposed a fine of approximately 30.5 billion won ($2 ...; KO YONG-CHUL Reporter 2024.11.21

Europe's Christmas Comes to Seoul: Lotte Department Store Unveils Grand Christmas Market: Seoul, South Korea – Lotte Department Store is bringing the magic of a European Christmas market to Seoul this holiday seaso ...; Hwang Sujin Reporter 2024.11.20

Yonsei University Becomes First in South Korea to Install Quantum Computer: Seoul, South Korea - Yonsei University has made history by becoming the first institution in South Korea to install a quantum comp ...; Desk 2024.11.20

Stray Dog Population Explodes in Incheon's Seo-gu District: Incheon, South Korea – The number of stray dogs in Seo-gu district of Incheon has surged in recent years, prompting concerns ...; Hwang Sujin Reporter 2024.11.20

Taiwan Approves First Drug Targeting Alzheimer's Disease: Taiwan's Ministry of Health and Welfare announced on Monday that it has approved the first drug specifically targeting Alzheimer's ...; Hwang Sujin Reporter 2024.11.20

Taiwan Students Continue to Choose US for Higher Education: According to a report released by the US Department of State on Monday, Taiwanese students have once again solidified their positi ...; KO YONG-CHUL Reporter 2024.11.20

Vietnam Faces Dam and Reservoir Crisis Amidst Climate Change: A recent forum in Hanoi has revealed a critical issue facing Vietnam: the deteriorating condition of its dams and reservoirs. Acco ...; Graciela Maria Reporter 2024.11.20

11-Year-Old Girl Dies in Paraguay Car Accident Caused by Drunk Driver: Guazú, Paraguay - A tragic accident in Guazú, Paraguay, has claimed the life of an 11-year-old girl after a vehicle ...; Graciela Maria Reporter 2024.11.19