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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Samsung Electronics Union to Push Ahead with May 21 Strike Despite Court Injunction: SUWON, South Korea — Despite a court ruling that largely granted Samsung Electronics’ request for an injunction agains ...; Yim Kwangsoo Correspondent 2026.05.19

President, Court Move to Check Looming Samsung Electronics Strike: SEOUL — South Korean President Lee Jae-myung and the judiciary have both moved to check a looming strike by Samsung Electron ...; Desk 2026.05.19

South Korea Toughens Liquidity Rules for Brokerages to Prevent Second 'Legoland Crisis': SEOUL — South Korean financial authorities are tightening their grip on the liquidity management of local brokerage firms. I ...; KO YONG-CHUL Reporter 2026.05.18

LG Electronics Overtakes Samsung to Secure Government Contract for Vulnerable Households' Air Conditioners: SEOUL — LG Electronics has successfully secured a major government contract to supply energy-efficient air conditioners to v ...; Hwang Sujin Reporter 2026.05.18

Beyond Payments: Naver, Kakao, and Toss Accelerate Transition to Comprehensive Financial Platforms: South Korea’s leading fintech trio—Naver Pay, Kakao Pay, and Viva Republica (Toss)—have delivered robust top-lin ...; KO YONG-CHUL Reporter 2026.05.18

“From APEC to PATA” Gyeongbuk Emerges as a Global Tourism Hub: Gyeongsangbuk-do has once again gained international recognition for its outstanding capabilities as a global tourism hub. Followi ...; HONG MOON HWA Senior Reporter 2026.05.15

Flower of Asia-Pacific Tourism Cooperation Blooms in Gyeongju: Unveiling of 'PATA Small Garden': [Gyeongju] Gyeongju Bomun Tourist Complex, South Korea’s first designated tourist district, is transforming into a symbolic ...; HONG MOON HWA Senior Reporter 2026.05.15

"AI as a Shield": Fitch Affirms South Korea's Ample Fiscal Space Amid Global Headwinds: SEOUL — Fitch Ratings has identified South Korea’s burgeoning artificial intelligence (AI) industry as a critical buff ...; Desk 2026.05.14

South Korea to Debut KTX-SRT Combined Trains: Seat Capacity to Double, Fares to Drop: EOUL — South Korea is set to address the chronic shortage of high-speed rail seatsduring peak periods by physically linking ...; Hwang Sujin Reporter 2026.05.14

China’s Foundry Offensive: Chasing Samsung’s No. 2 Spot via ‘Mature Node’ Dominance: [SEOUL] — As the global semiconductor landscape shifts, Samsung Electronics finds itself in an increasingly precarious posit ...; Desk 2026.05.13

Trump Media Records $440M Loss Amid Failed Bitcoin Bets; Stock Plummets to One-Tenth of Peak: NEW YORK — Trump Media & Technology Group (TMTG), the parent company of Truth Social—the social media platform cha ...; Global Economic Times Reporter 2026.05.11

‘One More Hit and We’d Have Sunk’: The Terrifying ‘Ghost Attack’ That Nearly Cost 24 Sailors Their Lives: (C) Ministry of Foreign Affairs SEOUL – The South Korean government has officially concluded that the recent fire aboard ...; KO YONG-CHUL Reporter 2026.05.11

Internal Rift Deepens Within Samsung Electronics Unions Ahead of Critical Post-Mediation Talks over Profit-Sharing: SEOUL – Internal conflict within Samsung Electronics' labor unions has reached a fever pitch as the company prepares for cru ...; Desk 2026.05.11

The Rise of 'Beta Moms' in the AI Era: Why Modern Parents are Swapping Control for Autonomy: (C) The Financial Express NEW YORK — For decades, the gold standard of parenting in the United States, and indeed much of ...; Global Economic Times Reporter 2026.05.11

South Korea Elevates Public Sector AI Expertise: MOIS Launches Elite 'AI Champion' Training Program: SEOUL – In a decisive move to accelerate the digital transformation of government services, South Korea’s Ministry of ...; Global Economic Times Reporter 2026.05.07

Apple Faces Double Legal Blow: Supreme Court Rejects Fee Appeal While Tech Giant Settles ‘Siri’ Misleading Ad Lawsuit for $250 Million: CUPERTINO, Calif. – Tech titan Apple Inc. has encountered a significant double-front legal setback this week. The U.S. Supre ...; Eugenio Rodolfo Sanabria Reporter 2026.05.07

Global Pay Parity Demands Shaking Tech Giants: Samsung and SK Hynix Face Rising Labor Unrest in China: (C) Business Today Malaysia SEOUL — The ripples of aggressive labor demands in South Korea are now crossing borders, creat ...; Global Economic Times Reporter 2026.05.07

Official Presentation of Credentials in Paraguay: On Monday, May 4, 2026, Ambassador Hyuk-Sang Sohn presented his letters of credence to Santiago Peña, the President of the ...; KO YONG-CHUL Reporter 2026.05.06

U.S. Intelligence: Iran’s Nuclear Capabilities Remain Intact Despite Two Months of Strikes: (C) NPR Despite two months of intensive military operations by the United States and Israel, the U.S. intelligence community asse ...; KO YONG-CHUL Reporter 2026.05.06

Illegal FSD Activations Surge in Korea: Safety Risks and Regulatory Gaps: SEOUL — A growing number of Tesla owners in South Korea are attempting to bypass regional restrictions to activate "Full Sel ...; Desk 2026.05.05

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