Global Economic Times

2026.07.22 (Wed)
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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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Ex-President Yoon Allegedly Ordered Guns to Thwart Arrest, Deleted Evidence: SEOUL, South Korea — Startling court testimony emerged on October 10, 2025, alleging that the Presidential Security Service ...; KO YONG-CHUL Reporter 2025.10.10

Ultrasound Revolution: Non-Invasive Sound Waves Offer New Hope for Cancer Treatment: A revolutionary medical technology, histotripsy, is shifting the paradigm of cancer treatment, offering a non-invasive, non-therma ...; Global Economic Times Reporter 2025.10.10

Hyundai's Autonomous Hydrogen Truck Named to TIME's 'Best Inventions of 2025': SEOUL/SANTA CLARA, CA—Hyundai Motor Company's cutting-edge XCIENT Fuel Cell autonomous truck has been honored as one of TIME ...; Hannah Yeh Reporter 2025.10.10

US Man Charged for Allegedly Throwing HIV-Positive Blood at Medical Staff: Raleigh, NC – A 25-year-old North Carolina man, Cameron Gilchrist, is facing serious charges after allegedly removing an IV ...; Global Economic Times Reporter 2025.10.10

Jeongeup Vows to Eradicate Illegal Activities, Price Gouging with 'Three No' Campaign at Naejangsan Maple Season: JEONGEUP, North Jeolla Province—Jeongeup City is mobilizing all efforts to ensure a safe, pleasant, and orderly visit for to ...; Min Gyu Mi Reporter 2025.10.10

Unification Church Leader Han Hak-ja Indicted on Political Collusion and Embezzlement Charges: The leader of the Unification Church, Han Hak-ja (82), has been indicted and committed to trial in custody by a special counsel te ...; KO YONG-CHUL Reporter 2025.10.10

Plan International Launches Global Campaign to End Child Marriage on International Day of the Girl: Plan International Korea, a global humanitarian and development NGO, announced today a major campaign to raise awareness about the ...; Eugenio Rodolfo Sanabria Reporter 2025.10.10

Eight Chinese Nationals Apprehended in Daring Sea Smuggling Attempt Off Taean Coast: TAEAN, South Korea — Eight Chinese nationals were arrested by the South Korean Coast Guard near Taean, South Chungcheong Pro ...; Global Economic Times Reporter 2025.10.10

Korean MMA Fighter Arrested in Japan for Smuggling Gold Disguised as Medals: Osaka, Japan – A Korean mixed martial arts (MMA) fighter, identified by local media as a participant in the popular Japanese ...; KO YONG-CHUL Reporter 2025.10.10

Albert Einstein's 'Beloved Violin' Fetches Record Price at Auction: CIRENCESTER, UK - A violin once owned and cherished by physicist Albert Einstein sold for a staggering £860,000 (approximate ...; Greace Nunez Correspondent 2025.10.10

Seoul Eases Regulations on Urban Homestays to Attract Foreign Tourists: SEOUL — South Korea’s Ministry of Culture, Sports and Tourism (MCST) announced a significant relaxation of regulations ...; Hwang Sujin Reporter 2025.10.10

Cultural Clash Ignites After Manchester City Extends Korean Chuseok Greetings: SEOUL/LONDON—English Premier League club Manchester City has found itself at the center of a heated cultural controversy aft ...; Eunsil Ju Reporter 2025.10.10

South Korea's Cultural Heritage Facing Extinction as Artisans Age: SEOUL—South Korea’s precious traditional crafts, many of which have recently captured global attention through the pop ...; Yim Kwangsoo Correspondent 2025.10.10

Online Counterfeit Cosmetics Surge in South Korea, Perfume Complaints Dominate: SEOUL, South Korea – Consumers in South Korea are urged to exercise extreme caution when purchasing cosmetics online, as the ...; Hwang Sujin Reporter 2025.10.10

South Korean University Student Kidnapped, Tortured to Death in Cambodia: A tragic case has come to light involving a South Korean university student (22) from Yecheon-gun, Gyeongbuk Province, who was kid ...; Desk 2025.10.10

Medical Narcotic Diversion Soars in South Korea: Over 57,000 Doses Lost in Five Years: The Republic of Korea is grappling with a sharp increase in incidents involving the mismanagement, theft, and loss of medical narc ...; Hwang Sujin Reporter 2025.10.10

South Korean Universities Achieve Record Presence in THE World Top 100: SEOUL — South Korean universities have significantly boosted their global standing, with a record four institutions securing ...; Shin Yeju 2025.10.10

Renewable Energy Covers 100% of Global Electricity Demand Growth in H1 2025, Marking a Turning Point in the Fossil Fuel Era: Although the International Energy Agency (IEA) projected that renewable energy would surpass coal to become the world's leading so ...; KIM YOUNG MIN 2025.10.09

Octopus Day: A Celebration of Astonishing Intelligence and Ecosystem Treasure: Every year on October 8th, we celebrate World Octopus Day, a day dedicated to one of the ocean's most astonishing and intelligent ...; KIM YOUNG MIN 2025.10.09

Climate Change and 'Trash Bombs' Collapsing Mexico City's Sewage System: The recent extreme rainfall that hit Mexico City has clearly exposed the vulnerability of the city's sewage system. Climate change ...; KIM YOUNG MIN 2025.10.09