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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Cyberattack on Insurance Agencies Exposes Personal Data of Over 1,000 Individuals: A significant cybersecurity incident has come to light, revealing a substantial breach of personal information from two prominent ...; KO YONG-CHUL Reporter 2025.05.20

Man in His 30s Detained in Busan Hit-and-Run... Attempted to Evade Drunk Driving Charges Using 'Kim Ho-jung Method': A driver in his 30s has been arrested after causing an accident while driving under the influence and fleeing the scene, subsequen ...; KO YONG-CHUL Reporter 2025.05.20

Unprecedented Access Granted to Hallasan's Baengnokdam Crater Lake, Iconic Korean Fir Tree, and Hidden Lava Tubes: In an unprecedented move set to captivate nature enthusiasts and heritage seekers alike, Jeju Island has announced the opening of ...; Hwang Sujin Reporter 2025.05.20

Paraguay Suspends Import Permits for Some Vegetables, Importers Fear Supply Shortages and Increased Illegal Imports: As Paraguay's National Service for Plant and Seed Health (Senave) recently temporarily suspended import permits for some major veg ...; Desk 2025.05.20

Petropar Rushes Maintenance on Aging Alcohol Plant Amid New Facility Project Halt: Asunción, Paraguay – Paraguay's state-owned oil company, Petropar (Petróleos Paraguayos), is undertaking a sig ...; Ana Fernanda Reporter 2025.05.20

Another Worker Dies in SPC Bakery Accident, Reigniting Safety Concerns: Siheung, South Korea – Tragedy has struck again at a bakery factory under the SPC Group umbrella, a conglomerate already und ...; KO YONG-CHUL Reporter 2025.05.20

SK Telecom Grapples with Years-Long Malware Intrusion, Raising Data Breach Concerns: Seoul, South Korea – South Korean telecommunications giant SK Telecom (SKT) is facing mounting scrutiny following the revela ...; Desk 2025.05.19

Microplastics Found Extensively in Singapore's Coastal Marine Life, Contaminating Coral Reefs and Mangrove Habitats: Singapore – A recent alarming study has revealed the widespread presence of microplastics in a diverse range of marine anima ...; KIM YOUNG MIN 2025.05.19

Grand Celebration Marks 125 Years of FMA Presence and Dedication in Paraguay: Asunción, Paraguay – A day filled with emotion, faith, and joyous celebration unfolded at the Sanctuary of Mary Help ...; Pedro Espinola Special Correspondent 2025.05.19

Unlocking Paraguay's Past: "Secrets of the Palace" Tour Unveils Hidden Stories of the Presidential Palace: Asunción, Paraguay – A captivating initiative has emerged in the heart of Asunción, drawing both locals and vi ...; KO YONG-CHUL Reporter 2025.05.19

$1.3 Million in Stolen Goods Recovered in Los Angeles County, Eight Arrested in Cargo Theft Ring Bust: Los Angeles County, CA – In a significant crackdown on organized cargo theft, the Los Angeles County Sheriff's Department (L ...; Sharon Yoon Correspondent 2025.05.19

Chungcheongnam-do Agricultural Research & Extension Services Holds Field Evaluation of Superior Garlic and Onion Lines: Yesan, South Korea – The Chungcheongnam-do Agricultural Research & Extension Services (Chungnam ARES) convened a field e ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungcheongnam-do Fortifies Disaster Preparedness with Innovative ‘SAFEZONE’ Initiative: In a proactive move to safeguard its citizenry against the looming threats of summer disasters, Chungcheongnam-do Province has off ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungnam Takes the Lead in Restoring Carbon-Neutral Marine Ecosystems: Taean, South Korea – Chungcheongnam-do (South Chungcheong Province) is spearheading efforts to restore carbon-neutral marine ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungcheongnam-do Fire Department Expands Foreign Language Interpretation Volunteer Program to Enhance Services for International Residents: Chungcheongnam-do, South Korea – The Chungcheongnam-do Fire Headquarters is proactively addressing linguistic barriers in em ...; KO YONG-CHUL Reporter 2025.05.18

Chungcheongnam-do Province Announces Recruitment for Parental Education Support Program for Individuals with Developmental Disabilities: Chungcheongnam-do Province has announced the full-scale implementation of its "Lifespan-Based Parental Education Support Program f ...; HONG MOON HWA Senior Reporter 2025.05.18

Independence Hall and Seosan City Forge Alliance to Expand Patriot and Veteran Culture: The Independence Hall of Korea (Director Kim Hyung-seok) announced on the 14th that it had signed a Memorandum of Understanding (M ...; HONG MOON HWA Senior Reporter 2025.05.18

Chungnam Provincial University Architecture and Interior Design Students Spread Warmth with Spring Flowers: Bucheon-si, Gyeonggi-do, South Korea – In the spirit of the May family month, students from the Department of Architecture a ...; KO YONG-CHUL Reporter 2025.05.18

Decade-Long Impasse Resolved: Cheonan and Asan Finalize Boundary Adjustment Paving Way for New Schools: After nearly a decade of intricate discussions and occasional setbacks, the administrative boundary between Sinbang-dong in Cheona ...; KO YONG-CHUL Reporter 2025.05.18

Chungnam Province Unveils Bold Tax Incentives to Bolster Housing Security and Attract New Residents: In a proactive move to address housing insecurity among vulnerable populations and stimulate its regional economy, Chungcheongnam- ...; KO YONG-CHUL Reporter 2025.05.18