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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Ministry of Planning and Budget Pioneers AI-Powered Mobile Workspace, Signaling New Era for Public Administration: (C) Niskanen Center SEOUL — In a move that signals a paradigm shift in public administration, the South Korean Ministry o ...; Global Economic Times Reporter 2026.05.05

Fear Over Liability: Why 96% of Korean Elementary Teachers Are Saying ‘No’ to Field Trips: SEOUL — For decades, the school field trip was a rite of passage for South Korean students—a chance to escape the chal ...; KO YONG-CHUL Reporter 2026.05.04

'Lotto Apartment' Fever: Seoul Sees 90,000 Applications in March as Subscription Market Heats Up: The South Korean real estate market witnessed a dramatic surge in home subscription activities this spring. According to data rele ...; Hwang Sujin Reporter 2026.05.04

Lim Tae-hee Pledges to Ease School Uniform Costs, Proposing 400,000 Won Support for Casual Wear: Suwon, Gyeonggi Province — Lim Tae-hee, a preliminary candidate for the Gyeonggi Provincial Superintendent of Education, has ...; Kim Sungmoon Reporter 2026.05.02

Samsung Biologics Faces First-Ever Strike: Cancer Drug Production Halted Amid $110 Million Loss: INCHEON – Samsung Biologics, one of the world’s largest contract development and manufacturing organizations (CDMO), h ...; KO YONG-CHUL Reporter 2026.05.02

Kurly Abandons 'All-Paper' Packaging Strategy Amid Rising Cost Pressures: Kurly, the South Korean e-commerce pioneer known for its premium grocery delivery, has officially rolled back its signature "All-P ...; KO YONG-CHUL Reporter 2026.04.28

Pentagon’s Arsenal Drained by Iran Conflict: Mounting Fears Over Deterrence Gaps in Korea and Taiwan: WASHINGTON D.C. – As the conflict with Iran intensifies, the United States military is burning through its stockpile of prec ...; Yim Kwangsoo Correspondent 2026.04.25

South Korea Fines Paper Cartel $245M for Systematic Price Fixing: SEJONG – The Korea Fair Trade Commission (KFTC) announced on Thursday that it has imposed a combined fine of 338.3 billion K ...; KO YONG-CHUL Reporter 2026.04.25

South Korea Expands Child Allowance: 2017-born Children to Receive Up to ₩480,000 this Month: SEOUL – The South Korean Ministry of Health and Welfare announced on Thursday a significant expansion of the national child ...; Yim Kwangsoo Correspondent 2026.04.25

Blue House Secures 74 Million Barrels of Oil for May; Moves to Slash Middle East Reliance: SEOUL — The South Korean Presidential Office announced on Friday that the nation has secured a stable supply of crude oil fo ...; Global Economic Times Reporter 2026.04.25

Secondary Battery Boom Ignites: Samsung SDI, LG Energy Solution Surge Over 5% in Pre-market: SEOUL — South Korea’s secondary battery sector is witnessing a massive resurgence. Shares of industry giants Samsung S ...; Desk 2026.04.22

Lee Jae-yong’s Vision Vindicated: Samsung’s $8B Harman Deal Doubles Revenue to $12B in a Decade: [SEOUL] Ten years after Samsung Electronics Executive Chairman Lee Jae-yong orchestrated the boldest acquisition in South Korean c ...; KO YONG-CHUL Reporter 2026.04.22

MAFRA Unveils Success in Integrated Rural Care: Synergizing Social Farming and Medical Services: Rural care in South Korea is evolving into a comprehensive model that integrates agriculture, medical care, and essential life ser ...; ONLINE TEAM 2026.04.21

Generative AI Use Triples Among Seoul Citizens, but Digital Divide Persists for Seniors: The adoption of Artificial Intelligence (AI) is rapidly spreading across Seoul, but a significant "digital divide" remains as the ...; Hwang Sujin Reporter 2026.04.21

60-Year-Old Man Sentenced to 27 Years in Prison for Killing Wife Immediately After Restraining Order Expired: An appellate court has upheld a heavy prison sentence for a man in his 60s who brutally murdered his wife just one week after his ...; KO YONG-CHUL Reporter 2026.04.19

K-Innovation Hits Record High: Over 27,000 Public Ideas Flood the ‘Everyone’s Idea’ Project: DAEJEON, South Korea — In a historic display of civic engagement and creative fervor, the Korean public has submitted a reco ...; KIM YOUNG MIN 2026.04.19

LG Uplus Employees Extend Helping Hand to Visually Impaired Family in Medical Crisis: SEOUL — In a heartwarming display of corporate social responsibility, LG Uplus announced on April 16 that it has donated 5 m ...; Kim Sungmoon Reporter 2026.04.19

"Is This Really the U.S. Army?" Outrage Grows Over Poor Rations for Troops Deployed in the Middle East: As tensions escalate in the conflict with Iran, shocking reports have emerged revealing that U.S. troops deployed to the Middle Ea ...; KO YONG-CHUL Reporter 2026.04.19

AX Era Demands Immediate Shift to ‘Zero Trust’ Security Following Year of Unprecedented Breaches: SEOUL – Exactly one year after the catastrophic hacking of SK Telecom’s USIM systems in April 2025, South Korea’ ...; Hwang Sujin Reporter 2026.04.14

South Korea Leads World in AI Patents per Capita, Narrowing Gap with U.S. and China: SEOUL – South Korea has demonstrated its status as an "AI innovation powerhouse" by ranking first in the world for the numbe ...; Desk 2026.04.14

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