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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CJ OnStyle Launches Major Year-End Living Event: 'Jibchak Festa': (C) CJ OnStyle Seoul, South Korea — CJ OnStyle, a major South Korean retail company, has officially announced the launch of ...; Hwang Sujin Reporter 2025.12.13

Fatal Accidents Rise Despite Stricter Penalties in South Korea's Construction Sector: (C) ECNS.cn Urgent Need to Shift from Punishment to Prevention-Focused Safety PoliciesDespite the South Korean government's inten ...; KO YONG-CHUL Reporter 2025.12.13

US-Japan Counteract Sino-Russian Drills with Joint Bomber Exercise in East Sea Airspace: (C) Global TImes TOKYO — In a clear demonstration of force against escalating regional tensions, the United States and Japa ...; Graciela Maria Reporter 2025.12.11

South Korea Confirmed as Co-Host of 2028 UN Ocean Conference (UNOC): The United Nations General Assembly has officially selected South Korea and Chile as the co-hosts for the Fourth UN Ocean Conferen ...; Yim Kwangsoo Correspondent 2025.12.11

Tech Tensions Flare: DeepSeek Allegedly Smuggles Banned NVIDIA Blackwell Chips for New AI Model: (C) ZAWYA BEIJING/SANTA CLARA — A report has stirred the global tech industry, alleging that Chinese artificial intelligenc ...; Ana Fernanda Reporter 2025.12.11

South Korean High School Under Scrutiny: Teacher 'Donations' Flowing into Principal's Personal Account: (C) Gyeongbuk Provincial Office of Education Gyeongbuk Province, South Korea — An investigation has been launched by the Gy ...; Hee Chan Kim Reporter 2025.12.11

Unjust Detention Threatens Migrant Workers' Rights and Wages: New Bill Proposes Alternatives to 'Imprisonment Law': (C) PBS SEOUL, South Korea – A controversial clause in South Korea's Immigration Control Act, which mandates the detention ...; Global Economic Times Reporter 2025.12.11

Feature Article: Island Airports Face Takeoff Trouble as Airlines Balk at Low Profitability: (C) Bangkok Post SEOUL— South Korea's plan to boost regional connectivity by constructing small airports on remote islands, ...; KO YONG-CHUL Reporter 2025.12.11

Forging the Drone Warfighter: USAREUR-AF Launches Inaugural Competition in Germany, Stressing Integrated Lethality: (C) AL-Monitor GRAFENWOEHR, Germany—The future of maneuver warfare is taking flight at the 7th Army Training Command’ ...; Pedro Espinola Special Correspondent 2025.12.10

The Tragedy on the High Seas: Royal Caribbean Sued Over Passenger Death After 33 Drinks and Fatal Restraint: (C) Zoom Bangla News The family of Michael Virgil, a 35-year-old guest who died aboard the Navigator of the Seas in December 2024 ...; Graciela Maria Reporter 2025.12.10

A Golden Noel: The Vance Family's First Christmas at the Naval Observatory: (C) AOL.com WASHINGTON, D.C. — The historic Vice Presidential Residence at the Naval Observatory, a stately Queen Anne home ...; Global Economic Times Reporter 2025.12.10

South Korea to End High-Speed Rail Competition: KTX and SRT Operator Merger Set for 2026: (C) Korea PortalThe South Korean government has officially announced plans to merge the nation's two high-speed rail operators, Ko ...; KO YONG-CHUL Reporter 2025.12.09

South Korea: Unification Church Officials Testify to Directives for Donations to Ruling Party, Though Accounts Remain Contradictory: (C) The Boston Globe SEOUL — Former and current executives of the Unification Church (Family Federation for World Peace and ...; Desk 2025.12.09

Gwangju Office of Education Moves to Revoke Registration of Alternative School Over Historical Bias, Including Glorification of Rhee Syngman: GWANGJU, South Korea—The Gwangju Metropolitan Office of Education (GMOE) is moving to revoke the registration of a religious ...; KO YONG-CHUL Reporter 2025.12.09

South Korea to Broaden Espionage Law to Combat Foreign Tech Theft: (C) The Spy Hunter SEOUL – A long-standing aspiration of South Korea’s industrial sector, the amendment to the Espiona ...; KO YONG-CHUL Reporter 2025.12.08

Louvre Museum Rocked by New Crisis: Leak Damages Hundreds of Rare Egyptian Studies Texts: (C) Euro Weekly News PARIS — Just weeks after a high-profile jewel theft exposed glaring security lapses, the world-renowned ...; Pedro Espinola Special Correspondent 2025.12.08

Imprisoned Sister-in-Law of White House Press Secretary Calls White House Account "Sickening Lie": Detained Relative Challenges White House Narrative on Immigration ArrestThe controversy surrounding White House Press Secretary Ca ...; Hwang Sujin Reporter 2025.12.08

NYC Mayor-Elect Mamdani Affirms Immigrants' Right to Refuse Enforcement, Igniting Debate: (C) PBS NEW YORK – New York City Mayor-elect Zohran Mamdani (34) has thrown his weight behind the rights of undocumented imm ...; Eugenio Rodolfo Sanabria Reporter 2025.12.08

KOREAN AMERICAN ASTRONAUT JOHNNY KIM RETURNS AFTER EPIC 245-DAY SPACE MISSION: (C) Best of Korea SEOUL — After spending 245 days serving aboard the International Space Station (ISS), U.S. Navy Lieuten ...; Yim Kwangsoo Correspondent 2025.12.06

Drug Seizures Hit Record High: 2,913 kg Intercepted by October: (C) The Star SEOUL — The Korea Customs Service (KCS) announced a monumental surge in drug seizures at the border, revealin ...; Global Economic Times Reporter 2025.12.06