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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South Korea Battles Seafood Price Surge with Emergency Stock Release and Nationwide Discounts: In a proactive move to combat soaring seafood prices driven by drastically reduced catches, the South Korean government has announ ...; Global Economic Times Reporter 2025.04.30

Government Investigates Massive SK Telecom Data Breach, USIM Cloning Risk Assessed: Seoul, South Korea – South Korean authorities are in the midst of a comprehensive investigation into a significant data brea ...; Ana Fernanda Reporter 2025.04.30

Chungcheongnam-do Province Joins Forces with the Federation of Korean-American Associations of Chungcheong to Attract Overseas Koreans: Chungcheongnam-do Province and the Federation of Korean-American Associations of Chungcheong have agreed to collaborate on attract ...; KO YONG-CHUL Reporter 2025.04.30

Incheon Invests Millions to Enhance Safety in Children's Protection Zones Ahead of 2025: INCHEON, SOUTH KOREA - In a proactive move to bolster the safety of its youngest citizens, Incheon Metropolitan City has announced ...; Min Gyu Mi Reporter 2025.04.28

Hidden Gem in Seoul: Discovering the Charm of Ikseon-dong Hanok Village: "Did you know there's a place like this in Seoul?" Just a few steps from Exit 6 of Jongno 3-ga Station, along the main street, you ...; Desk 2025.04.28

Gwangjang Market: A Culinary Journey Through Seoul's Historic Heart: Nestled in the Jongno district of Seoul, Gwangjang Market stands as a venerable traditional market, affectionately dubbed a "food ...; Hwang Sujin Reporter 2025.04.28

Gwangjang Market: A Century-Old Seoul Gem Beckons Travelers: Gwangjang Market, nestled in the heart of Seoul's Jongno district, stands as a vibrant testament to South Korea's rich cultural he ...; Yim Kwangsoo Correspondent 2025.04.28

The Rice Thief of the Alley is Innocent: Namdaemun Market's Hairtail Alley: Namdaemun Market in the heart of Seoul is more than just a market; it's a gateway for tourists visiting Korea, leading into what w ...; Hwang Sujin Reporter 2025.04.28

Korea's Largest 'Korean Forest Garden' to Open on Namsan, Seoul, This October: This fall, Seoul's Namsan will see the birth of the 'Korean Forest Garden,' a modern reinterpretation of the sentiment and aesthet ...; KIM YOUNG MIN 2025.04.28

Seoul Grand Park Celebrates 40 Years of Rooted Growth, Looks to a Flourishing Future for its Botanical Garden: SEOUL, SOUTH KOREA - Seoul Grand Park is set to commemorate the 40th anniversary of its cherished Botanical Garden with a special ...; Hwang Sujin Reporter 2025.04.28

Korea Tourism Organization Launches U.S. Roadshow to Unearth 'Hidden Charms': NEW YORK & DENVER, USA – The Korea Tourism Organization (KTO) is aggressively targeting the lucrative U.S. inbound touri ...; Desk 2025.04.28

Uzbekistan Korean Community Celebrates Unity and Athleticism at Vibrant Sports Day: TASHKENT, Uzbekistan – The Uzbekistan Korean Association recently hosted its annual Sports Day at the Yakkasaray Stadium in ...; Desk 2025.04.28

K-water and Finland Forge Strategic Alliance for Ukraine's Post-War Reconstruction: GWACHEON, South Korea - The Korea Water Resources Corporation (K-water) is intensifying its preparations for Ukraine's post-war re ...; KO YONG-CHUL Reporter 2025.04.28

Fugitive Drug Smuggler Sentenced After 13 Years on the Run Following Multi-Million Won Narcotics Importation: Changwon, South Korea – A 50-year-old man who orchestrated the smuggling of narcotics, including methamphetamine and ecstasy ...; KO YONG-CHUL Reporter 2025.04.28

"Thought Only Raw Fish Was a Concern"... Radioactive Material Found Even in Japanese Processed Goods: SEOUL - Concerns over the safety of Japanese food imports have resurfaced after trace levels of radioactive cesium were detected i ...; KO YONG-CHUL Reporter 2025.04.28

Korean Outbound Travel Dips, Inbound Tourism Surges in March 2025: Seoul, South Korea – The latest figures released by the South Korean Ministry of Justice reveal a contrasting trend in the n ...; Hwang Sujin Reporter 2025.04.28

Divided Judiciary on 'Blessing Sexual Minorities' Pastors' Trials: The Korean judiciary is grappling with a contentious issue: the disciplinary actions taken against pastors who have offered blessi ...; Desk 2025.04.28

New Public Special School to Empower Students with Severe Intellectual Disabilities in Jeonnam's Western Region: MUAN, SOUTH KOREA – A significant step towards inclusive education and enhanced opportunities for students with severe intel ...; Kim Sungmoon Reporter 2025.04.28

Rapid Response and Evacuation System Hailed as Inje Wildfire Contained Quickly: INJE, Gangwon Province – A swift and comprehensive response from authorities successfully contained a significant wildfire t ...; KO YONG-CHUL Reporter 2025.04.28

Reinvestigation Launched into Kim Keon-hee's Alleged Stock Manipulation: Seoul, South Korea – The Seoul High Prosecutors' Office has reopened the investigation into Kim Keon-hee, the wife of former ...; ONLINE TEAM 2025.04.28