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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Massive SPR Release Falls Short as Oil Prices Surge 5% Amid Geopolitical Turmoil: The International Energy Agency’s (IEA) decision to orchestrate the largest emergency oil reserve release in history has fai ...; Graciela Maria Reporter 2026.03.12

Chief Justice Cho Hee-dae Accused of "Law Distortion" on First Day of New Judicial Reform Acts: On the very first day of the implementation of the so-called "Three Judicial Reform Acts"—which include the introduction of ...; KO YONG-CHUL Reporter 2026.03.12

S. Korea Pushes for Integrated ‘Korea Broadcasting, Media & Communications Agency’ to Modernize Industry: SEOUL — In a major move to streamline the nation’s fragmented media landscape, the South Korean government is pushing ...; Desk 2026.03.12

President Lee’s Approval Rating Hits Record High of 67%; DP at 43%, PPP at 17%: SEOUL — President Lee Jae-myung’s approval rating has maintained its record high of 67%, according to the latest publi ...; KO YONG-CHUL Reporter 2026.03.12

Major Infrastructure Boost: Seoul Metro Line 5 Extension and Wirye-Sinsa Line Pass Feasibility Studies: SEOUL — In a landmark decision for South Korea’s urban planning and regional connectivity, the Ministry of Planning an ...; KIM YOUNG MIN 2026.03.11

Anyang City to Launch Driverless Level 4 Autonomous Shuttle Service: ANYANG, Gyeonggi Province – In a significant leap toward the future of urban mobility, Anyang City announced on Wednesday th ...; KIM YOUNG MIN 2026.03.11

PM Kim Vows to Root Out Subsidy Fraud with Eightfold Financial Penalties: SEOUL — Prime Minister Kim Min-seok declared a "war on corruption" regarding the misuse of state subsidies on Tuesday, annou ...; KO YONG-CHUL Reporter 2026.03.11

President Lee Advocates for ‘Growth for All,’ Praising Hanwha Ocean’s Landmark Win-Win Model: SEOUL — President Lee Jae-myung called for a fundamental transformation of the nation’s economic landscape on Tuesday, ...; KO YONG-CHUL Reporter 2026.03.11

Seoul to Upgrade Half of City CCTVs with Generative AI by Year-End: (C) Vecteezy SEOUL — The Seoul Metropolitan Government announced on March 10, 2026, a sweeping plan to transform more than ...; Desk 2026.03.11

Recurring Brokerage System Failures Spark Stability Concerns Ahead of Extended Trading Hours: SEOUL — The recurring technical glitches in Mobile Trading Systems (MTS) and Home Trading Systems (HTS) of South Korean brok ...; Global Economic Times Reporter 2026.03.08

Coupang’s Logistics Efficiency at Odds with Privacy: QR Codes Leak Customer Data: SEOUL – Coupang, South Korea’s e-commerce giant, is facing mounting criticism over a significant security flaw in its ...; KO YONG-CHUL Reporter 2026.03.08

Governor Kim Tae-heum Envisions "Cheonan-Asan Dome" Through Benchmarking of Singapore Sports Hub: SINGAPORE — In a strategic move to redefine South Korea’s sports and cultural infrastructure, Governor Kim Tae-heum of ...; HONG MOON HWA Senior Reporter 2026.03.07

Airbnb Boosts Jeju’s ‘Halmang’ Stays and Local Empowerment with $230,000 Community Fund: JEJU ISLAND – In a significant move to foster local empowerment and sustainable tourism, Airbnb has announced the allocation ...; Kim Sungmoon Reporter 2026.03.07

Samlip Wins Two Main Awards at the iF Design Award 2026: SEOUL, South Korea — Samlip, the leading South Korean food and beverage company, announced on March 6th that it has secured ...; KIM YOUNG MIN 2026.03.07

NolUniverse to Fully Cover Costs for Travelers Stranded by Middle East Conflict: SEOUL — In an unprecedented move for the travel industry, NolUniverse announced on Friday that it will fully subsidize addit ...; Hwang Sujin Reporter 2026.03.07

From $20 to $400: The Explosive "Vintage Digicam" Craze Gripping Korea’s Gen Z and Millennials: (C) JTBC SEOUL – On a recent Thursday afternoon at Sewoon Plaza in Jongno-gu, Seoul, the narrow corridors of the historic ...; Shin Yeju 2026.03.07

NASA’s 'Lost' Lunar Probe: The 24-Hour Failure Explained One Year Later: (C) NASA The mystery behind the sudden disappearance of NASA’s "Lunar Trailblazer," which vanished just 24 hours after it ...; Eugenio Rodolfo Sanabria Reporter 2026.03.06

Hunminjeongeum Liaodong Academic Expedition Issues Letters to Leaders of Korea and China at Shenyang Consulate: (C) Commemorative photo at the Consulate General of the Republic of Korea in Shenyang, China. From left: the consul in charge, the ...; KO YONG-CHUL Reporter 2026.03.05

S. Korea to Expand Supply Chain Fund Amid Middle East Crisis; Emergency Support for Oil Procurement Strengthened: SEJONG — The South Korean government announced on Wednesday that it will significantly expand the scope of its Supply Chain ...; HONG MOON HWA Senior Reporter 2026.03.05

The 'Sanae Token' Scandal and the High Cost of Political Speculation: (C) Brandon Sun TOKYO — In the high-stakes world of cryptocurrency, "Meme Coins" have long been driven by internet cultur ...; KO YONG-CHUL Reporter 2026.03.04

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