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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Incheon's Long-Delayed City Tower Project Faces New Setbacks: The construction of the Incheon City Tower, a project that has been in limbo for nearly two decades, has hit another roadblock, sp ...; ONLINE TEAM 2024.11.05

LH Faces Mounting Losses in Public Rental Housing: The Korea Land and Housing Corporation (LH) is incurring a staggering loss of 110 million won (approximately US$82,000) for each p ...; Global Economic Times Reporter 2024.11.05

Hyundai Motor Unveils Second Mobile Hydrogen Charging Station in Jeju: Hyundai Motor has announced the opening of its second mobile hydrogen charging station, the "H Jeju Moving Station," located at th ...; ONLINE TEAM 2024.11.05

South Korea's Telecom Giants Deploy AI to Combat Soaring Voice Phishing Scams: South Korea's major telecom companies are set to introduce AI-powered solutions to combat the rising threat of voice phishing scam ...; Desk 2024.11.05

South Korea Imposes Tougher Penalties for Animal Cruelty: The Supreme Court of Korea has established new sentencing guidelines that could result in up to three years of imprisonment for in ...; Global Economic Times Reporter 2024.11.05

20-Year-Old Woman Arrested for Hit-and-Run and Causing Eight-Car Pileup in Gangnam: A 20-year-old woman has been arrested for causing an eight-car pileup in Gangnam district while driving without a license. Seoul C ...; Hwang Sujin Reporter 2024.11.05

Two Men Found Dead in Luque Home; Police Investigate: Paraguayan National Police responded to a report of two lifeless men found inside a residence in Luque. The case is now under inve ...; Global Economic Times Reporter 2024.11.04

AI and Engineering Majors Top South Korea's University Entrance Exam Scores: The results of the 2024 university entrance exam in South Korea reveal a significant shift in students' preferences, with artifici ...; Global Economic Times Reporter 2024.11.04

Seoul Cuts Budget for School Cafeteria Ventilation Upgrades, Jeopardizing Workers' Health: The Seoul Metropolitan Office of Education has slashed its budget for improving ventilation systems in school cafeterias by 76% fo ...; ONLINE TEAM 2024.11.04

South Korea Launches World's First Modular Ship for Testing Various Green Propulsion Systems: Jeonnam Province and Mokpo City announced on November 3 the successful launch of the "K-GTB," a modular ship capable of operating ...; Global Economic Times Reporter 2024.11.04

South Korea's National Pension System Faces Decline in Membership: South Korea's National Pension Service (NPS) has reported a significant decrease in its membership count, with approximately 400,0 ...; Global Economic Times Reporter 2024.11.03

Flower Lump: Turning Fallen Leaves into Sustainable Plant Pots: A South Korean social enterprise, Flower Lump, has developed an innovative solution to tackle the environmental challenges posed b ...; Desk 2024.11.02

Kimchi Vegetable Market Sees Price Fluctuations amid Stabilizing Weather: With weather conditions rapidly stabilizing and shipments from across the country starting in earnest, the kimchi vegetable market ...; Desk 2024.11.02

The Fate of Three Insects: A Tale of Extinction and Hope: Once a vibrant part of San Francisco's coastal dunes, the Xerces blue butterfly (Glaucopsyche xerces) was a stunning example of ad ...; Global Economic Times Reporter 2024.11.02

NASA Restores Communication with Voyager 1 After Months-Long Outage: NASA has successfully reestablished communication with Voyager 1, the spacecraft that is currently the farthest human-made object ...; Global Economic Times Reporter 2024.11.02

541-Year-Old Mulberry Tree in Gunsan Designated as Natural Monument: The 541-year-old mulberry tree in Haje Village, Gunsan, has been officially designated as a natural monument, recognizing its sign ...; Hwang Sujin Reporter 2024.11.02

South Korea and the US Launch Joint Solar Observatory: A joint South Korean and US spacecraft designed to study the Sun's corona has been successfully launched. The solar coronagraph, n ...; Global Economic Times Reporter 2024.11.02

Nobel Laureate Hinton Warns of AI Dangers, Calls for Government Regulation: Geoffrey Hinton, a Nobel laureate and renowned AI expert, has sounded the alarm about the potential dangers of artificial intellig ...; Global Economic Times Reporter 2024.11.02

Seoul City expected to fully introduce AI textbooks next year, “All budget allocated”: The Seoul Metropolitan Office of Education is accelerating the introduction of AI textbooks by allocating 25.6 billion won as a bu ...; Global Economic Times Reporter 2024.11.02

Jeju, 300mm of rain in November… Heaviest rainfall in 101 years: Up to 300 mm of rain fell on Jeju over two days. In some areas, the highest rainfall was recorded in 101 years since observations ...; Desk 2024.11.02