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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Major Fire Breaks Out at POSCO Pohang Steelworks: Pohang, South Korea – A significant fire broke out at the POSCO Pohang Steelworks early on Sunday morning, local authorities ...; Global Economic Times Reporter 2024.11.11

South Korean Authorities Investigate DDoS Attacks on Government Websites: Seoul, South Korea – South Korean authorities have launched an investigation into a series of distributed denial-of-service ...; ONLINE TEAM 2024.11.11

NunuTV Operator Arrested for Illegal Streaming: Seoul, South Korea – The South Korean Ministry of Culture, Sports and Tourism's Copyright Crime Scientific Investigation Div ...; Hwang Sujin Reporter 2024.11.11

Incheon Residents Face Rising Toll Costs Amidst Expanding Toll Road Network: Incheon, South Korea – Residents of Incheon are facing increasing financial burdens as the city's toll road network continue ...; Desk 2024.11.11

Incheon Considers New KTX Station at Mansok Dock for Airport Connectivity: Incheon, South Korea – The city of Incheon is exploring the possibility of building a new KTX (Korea Train eXpress) station ...; ONLINE TEAM 2024.11.10

Surge in Personal Information Scams on Online Marketplaces: Seoul, South Korea – There has been a recent surge in incidents where personal information is being collected through fraudu ...; Global Economic Times Reporter 2024.11.10

South Korea Introduces 'Startup Korea Special Visa' to Attract Global Talent: Seoul, South Korea – The South Korean government has introduced a new "Startup Korea Special Visa" aimed at attracting promi ...; Global Economic Times Reporter 2024.11.10

South Korea's Only Go Department to Close Despite Protests: Seoul, South Korea – The Supreme Court of South Korea has delivered a final blow to efforts to save the world's only Go (Bad ...; Global Economic Times Reporter 2024.11.10

Hanyang University Climbs 19 Spots in QS Asia University Rankings: Hanyang University announced on November 6th that it has climbed 19 places to rank 19th in the 2025 QS Asia University Rankings. T ...; ONLINE TEAM 2024.11.10

Gyeonggi Province Selects Three Potential Sites for New International Airport: The Gyeonggi Provincial Government has announced the selection of three potential sites for the construction of a new internationa ...; Desk 2024.11.10

Overnight Search for Missing Fishermen After Vessel Sinks off Jeju Island: A comprehensive search operation continued throughout the night of September 8th in an effort to locate the missing crew members f ...; Global Economic Times Reporter 2024.11.10

This year set to be first to breach 1.5C global warming limit: It is now "virtually certain" that 2024 - a year punctuated by intense heatwaves and deadly storms - will be the world's warmest o ...; Desk 2024.11.09

Industrial wastelands to wildlife oases: Five nature wins that have actually worked: World leaders are gathering in Cali, Colombia, to agree ways to save species from extinction and restore nature. Here are five pow ...; Global Economic Times Reporter 2024.11.09

The pride of Ulsan Metropolitan City! The pride of the world! ‘Jongha Innovation Center’ opening ceremony held: 6223 Future Forum Core Members, Chairman Go Dong-rok, Dr. Hwang Jong-hwan, Chairman Kim Jong-hwan, CEO Jeong Yeon-jin, Chairman Le ...; LEE YEON SIL 2024.11.09

Soaring Numbers of South Korean Youth Opting Out of the Workforce: A growing number of South Korean youth in their 20s are choosing to opt out of the workforce, according to a recent survey by Stat ...; Global Economic Times Reporter 2024.11.07

Meta to Launch Teen Accounts in South Korea, Restricting Instagram Use: Meta, the parent company of Facebook and Instagram, has announced plans to introduce a new "Teen Account" feature in South Korea s ...; Global Economic Times Reporter 2024.11.05

AI and Engineering Majors Top South Korea's University Rankings Amid Job Market Uncertainty: The most sought-after undergraduate programs in South Korea’s top 10 universities have shifted towards science and engineeri ...; Global Economic Times Reporter 2024.11.05

Hanyang University to Host Inclusive Tech & Startup Fair: Hanyang University’s Research Foundation, led by Director Byeon Jung-mu, will host the "2024 HY Inclusive Tech & Startup ...; Desk 2024.11.05

Overseas Korean Media Association Holds Successful International Forum: The 6th International Forum hosted by the Overseas Korean Media Association was held on October 18th, bringing together over 150 p ...; KO YONG-CHUL Reporter 2024.11.05