With an increasing number of people seeking to capitalize on YouTube and other streaming services as a lucrative business model, animation was found to be the most popular content among South Korean subscribers, an industry survey showed Sunday.  　According to local entertainment company CJ E&M, which analyzed its 1,400 affiliated streaming channels, those featuring animation content attracted the largest numbers of subscribers in April, about 1.19 million. 　Content targeting children

TechnologyJune 2, 2019

LS Cable & System donated 500 million won ($420,877) in scholarship funds to Donghae City as part of the company’s efforts to help foster local talent. LS C&S President and CEO Myung Roe-hyun delivered the donation to Donghae City Mayor Shim Kyu-eon in a ceremony held Wednesday last week, the company said. “Donghae is the cradle of our submarine and extra-high-voltage cables, which are the core products of LS C&S’ global business,” Myung said. “As a loca

IndustryJune 2, 2019

The amount of international money transfers handled by South Korea’s fintech firms have increased more than 25 times over the past year, hinting at the growing popularity of small-sum cross-border money transfer services.According to the Financial Supervisory Service, Korea handled $365 million worth of small-sum money transfers in the first quarter of 2019, up 2,507 percent from $14 million handled in the fourth quarter of 2017 when such services began operations here.This total figure is

MarketJune 2, 2019

With the trade dispute between the US and China casting a shadow over the global economic outlook, South Korea’s exports fell for the sixth straight month in May, as the country’s shipments of semiconductors declined by about one-third from a year prior.　According to data released by the Ministry of Trade, Industry and Energy on Saturday, South Korea exported some $45.9 billion worth of products in May, about 9.4 percent down from a month earlier.The government attributed the poor pe

IndustryJune 2, 2019

South Korean battery maker LG Chem said Sunday that its vice chairman hosted the firm’s first-ever recruitment event in Europe in an effort to search for global talent. On Friday, Vice Chairman and CEO Shin Hak-cheol hosted the event in Frankfurt, Germany, attended by 30 undergraduate and graduate students from 10 major universities and institutes across Europe. The firm’s Chief Human Resources Officer No In-ho also joined the event. The event not only marked the firm&rsquo

IndustryJune 2, 2019

An annual meeting of the world’s largest organization for air carriers kicked off Sunday for the first time in Seoul, bringing some 1,000 market leaders from 290 air carriers together to discuss the future of air transport under the theme “The Vision for the Future.”Dubbed the aviation industry equivalent of a United Nations gathering, the two-day event surrounding the International Air Transport Association’s 75th annual general meeting will cover topics ranging from the

IndustryJune 2, 2019

The recovery project to return the remains of fallen heroes of the Korean War to their bereaved families is a race against time, as the war generation is aging, the chief of the division in charge of DNA analysis at the Defense Ministry told The Korea Herald.While South Korea is actively carrying out work across the country to recover war remains -- recently expanding the area up to the Demilitarized Zone bordering North Korea -- identifying and returning remains to families continues to make sl

DefenseJune 2, 2019

CHEORWON, Gangwon Province -- A helmet with six bullet holes, a canteen pierced 23 times and a rifle with a round of ammunition left in the chamber. On Tuesday, those traces of the Korean War were found just where the war had left them, on the untouched highland of Arrowhead Ridge inside the Demilitarized Zone.The scene is where more than 300 young South Korean, French and American soldiers died fighting the North Korean and Chinese forces. The other side is believed to have lost some 3,000 sold

DefenseJune 2, 2019

South Korea’s main bourse Kospi posted a weak return rate of 0.03 percent since the beginning of the year, data from the Korea Exchange showed Sunday, putting the bourse near the bottom rank among its G20 counterparts. According to the KRX, the Kospi’s rate of return stood at a lackluster 0.03 percent as of Friday, the last trading day of May, placing it at No. 19 out of 20 major bourses around the world. Its rate of return hovered just above Turkey’s benchmark XU100, which ran

MarketJune 2, 2019

South Korea will host the annual roundtable of IP5 -- the world’s top five intellectual property offices -- in Incheon’s Songdo on June 11-13, the Korean Intellectual Property Office said Sunday.“This year’s event will be the third IP5 forum to be held here, since the first one in 2008 in Jeju Island and the second one in Busan in 2014,” KIPO said in a release.“It will be attended by over 100 key officials, including the chiefs of the IP5 offices, director gen

IndustryJune 2, 2019

Excited and nervous ahead of their landmark first concert at London's Wembley Stadium on Saturday, the members of K-pop boy band BTS said they will make history at the heart of world pop music."We are finally here at Wembley Stadium after everybody's anticipation and waiting. First of all, (we are) very honored. I want to thank our fans for this honor," BTS member J-Hope said in a press conference at the prominent football stadium, hours before their concert here. "Our mindset, th

PerformanceJune 2, 2019

Tottenham Hotspur's Son Heung-min has made a small piece of history in the UEFA Champions League final.Son became only the second South Korean to start the championship match in the top European club tournament, as the Spurs lost to Liverpool 2-0 at Wanda Metropolitano in Madrid on Saturday (local time). The 26-year-old attacker joined former Manchester United midfielder Park Ji-sung in the exclusive company. Park started two Champions League finals for Man United in 2009 and 2011.In the startin

World NewsJune 2, 2019

The captain of a cruise ship was formally arrested on Saturday after a Hungarian court issued an arrest warrant following a deadly collision that left seven South Koreans dead and 21 people missing.The court approved the arrest of the 64-year-old Ukrainian captain, identified as Yuriy C, on charges of negligence and carelessness over the accident.The captain was initially detained and questioned by Hungarian police right after the sinking of the tourist boat Hableany on the Danube River on Wedne

Social AffairsJune 2, 2019

On a breezy Saturday afternoon, tens of thousands of people paraded through central Seoul in Korea’s biggest pride parade ever in a call for equal rights for sexual minorities, despite vocal opposition from conservative protesters.Seoul City Square was filled with an estimated 80,000 lesbian, gay, bisexual and transgender people and their supporters, who came to attend the 20th annual pride parade in a country where sexual minorities still live on the fringes of society. 　“As part of

Social AffairsJune 1, 2019

The defense ministers of South Korea and Japan held one-on-one talks Saturday in Singapore for the first time since military relations between the two countries soured over a radar row in December.The meeting between South Korean Defense Minister Jeong Kyeong-doo and his Japanese counterpart Takeshi Iwaya took place on the sidelines of the Asia Security Summit, also known as the Shangri-La Dialogue.Defense ties between Seoul and Tokyo have been strained since December when Japan claimed that a S

DefenseJune 1, 2019

South Korean Prime Minister Lee Nak-yon on Saturday visited a pig farm and a military unit in a border region to check efforts to prevent an outbreak of African swine fever following a confirmed case of the disease in North Korea.Late last month, Pyongyang notified the World Organization for Animal Health of an outbreak of swine fever at a farm near the border with China. Since then, Seoul has launched efforts to block any outbreak of the disease whose fatality rate is known to be 100 percent. &

Social AffairsJune 1, 2019

A municipal employee sprayed gunfire "indiscriminately" in a government building complex on Friday in the US state of Virginia, police said, killing 12 people and wounding four in the latest mass shooting to rock the country.The shooter was also killed after an extended gun battle with responding officers, in a scene that "best could be described as a war zone," Virginia Beach police chief James Cervera told a news conference. The shooting happened just after 4:00 pm (20

WorldJune 1, 2019

South Korean Defense Minister Jeong Kyeong-doo reiterated Saturday that more analysis is needed to determine if what North Korea test-fired last month are ballistic missiles or not, even though his U.S. and Japanese counterparts characterized the launches as a violation of U.N. sanctions.Jeong made the remark during a session of the Asia Security Summit, also known as the Shangri-La Dialogue, in Singapore, stressing that the assessment of the North's May 9 launches is based on the close cooperat

North KoreaJune 1, 2019

The United States warned China on Saturday against threatening its neighbors’ sovereignty and said Washington was investing in new military technology in the next five years to keep Asia stable.Washington and Beijing have been vying for influence in the region, which hosts potential flashpoints such as the South China Sea, the Korean Peninsula and the Taiwan Strait.Ties between the two powers are once again taking center stage at the weekend Singapore conference known as the Shangri-La Dia

World NewsJune 1, 2019