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ChatGPT Enterprise users in Korea surge 28-fold
OpenAI Korea is entering its second year after explosive growth in corporate adoption, with the number of ChatGPT Enterprise users in the country surging 28-fold over the past year. Korea’s overall ChatGPT user base also expanded 35 percent during the period, the company said Wednesday at a press briefing marking the first anniversary of its local office. “When we opened our Korea office a year ago, we said OpenAI would become a partner in Korea’s AI transition,” said Kim Kyoung-hoon, general ma
Sept. 9, 2026 -
Korea Zinc gains board edge with audit committee win
Korea Zinc secured a crucial audit committee seat Wednesday, gaining a tactical advantage in its protracted battle for management control against the Young Poong-MBK Partners alliance. At an extraordinary shareholders' meeting held at a Seoul hotel, Korea Zinc board-backed nominee Baek In-kyoo was elected with 5,092,815 votes, representing 81.8 percent of voting rights represented at the meeting. Park Yoo-kyung, nominated by Young Poong and MBK, failed to be elected after receiving 1,739,065 vot
Sept. 9, 2026 -
Galaxy Watch keeps a close eye on your heart
Samsung Electronics is expanding its heart-health services, combining Galaxy Watch sensors with the Samsung Health app to monitor blood pressure, electrocardiograms, irregular heart rhythms and broader indicators including sleep, physical activity, vascular stress and body composition. The company unveiled the enhanced features at a media briefing in Seoul on Wednesday, ahead of World Heart Day on Sept. 29. Samsung said the aim is to help users detect subtle changes through continuous monitoring
Sept. 9, 2026 -
Korea as a ‘must-have’ market: JPMorgan exec
South Korea’s capital market must evolve from a “nice-to-have” option into a “must-have” destination for global investors, with faster progress on corporate governance and shareholder returns needed to narrow the Korea discount, according to Alexander Treves, managing director at JPMorgan Asset Management. “If Korea does not continue to improve, in particular in terms of corporate governance, it risks being just a nice-to-have investment destination for global investors,” Treves said at The Kore
Sept. 9, 2026 -
Daewoo E&C seeks bigger role in Hanoi's urban development push
Daewoo Engineering & Construction is seeking to expand its footprint in Vietnam beyond its flagship Star Lake City development as Hanoi embarks on an ambitious 100-year plan to reshape the capital around the Red River. The Korean builder said Wednesday that Daewoo E&C Chairman Jung Won-joo met Hanoi Mayor Vu Dai Thang in Seoul the previous day to discuss the company’s ongoing projects in Vietnam and potential areas for further cooperation. Jung highlighted Daewoo E&C’s more than three decades of
Sept. 9, 2026 -
Korea must turn global appeal into investment: AmCham chief
American Chamber of Commerce in Korea Chairman and CEO James Kim urged Seoul to close the gap between global investor interest and actual capital inflows, saying at The Korea Herald's 2026 HIT Forum on Tuesday that Korea has never had a stronger hand to play as a global financial hub. Kim pointed to Samsung Electronics and SK hynix as evidence of Korea's technology rise, calling them fitting examples for the forum's theme, "Korea Premium: Connecting Korean Opportunities with Global Capital." "Th
Sept. 9, 2026 -
SK Innovation E&S links Korean, Indonesian youth entrepreneurs in Busan
SK Innovation E&S said Wednesday it was bringing together young entrepreneurs from Korea and Indonesia in Busan through a six-day program focused on startup development and climate technology. Climate SOLVE Week, running from Sept. 5 to 10, combines the company’s Korea-based “I am in Busan” initiative with MAJU: ON, its entrepreneurship program for Indonesian youth. The event covers idea development, expert networking and visits to startup facilities. The program included an Impact Hackathon hel
Sept. 9, 2026 -
K-food kicks on with showcase at Switzerland's Jungfrau Marathon
The Ministry of Agriculture, Food and Rural Affairs and the Korea Agro-Fisheries & Food Trade Corp. held the first-ever “Run with K-Food” promotional booth at the world-renowned Jungfrau Marathon in Switzerland last week. Now in its 33rd year, the Jungfrau Marathon is considered one of the premier mountain marathons globally, with runners traversing the Swiss Alps against the dramatic backdrop of the Eiger, Monch and Jungfrau peaks. At the booth, aT highlighted a range of K-food products aligned
Sept. 9, 2026 -
Korea must give global capital reasons to stay: Herald CEO
Herald Media Group CEO Choi Jin-young said South Korea should focus not only on attracting foreign investment but also on creating the conditions needed for global capital to stay in the market. Choi made the remarks in his opening address at The Korea Herald’s 2026 HIT Forum, held Tuesday at the Korea Chamber of Commerce and Industry in central Seoul. This year’s forum was held under the theme “Korea Premium: Connecting Korean Opportunities with Global Capital.” Choi said Korea’s capital market
Sept. 9, 2026 -
KRX chief says easier access key to attracting global capital
Korea Exchange Chairman Jeong Eun-bo said the KRX will push ahead with longer trading hours and a shorter stock settlement cycle as part of efforts to improve foreign investor access and strengthen the global competitiveness of South Korea’s capital market. Speaking at The Korea Herald’s 2026 HIT Forum in Seoul on Tuesday, Jeong said the exchange is preparing to introduce a 24-hour trading framework in phases and a shift to T+1 settlement, under which stock trades are settled one business day af
Sept. 9, 2026 -
Market discipline key to narrowing Korea discount: KCMI vice president
The success of Korea's sweeping governance reforms will hinge on whether new shareholder rights translate into effective market discipline and real changes in corporate behavior, with the National Pension Fund playing a critical role, according to Lee In-hyung, vice president of the Korea Capital Market Institute. "A premium is not a status a market can assign to itself. It is a price that investors are willing to pay, and they pay when they are satisfied that the cash earnings of the company wi
Sept. 9, 2026 -
Lotte seeks local expertise at Indonesia job fair
Lotte held the 2026 Lotte Global Job Fair in Jakarta, Indonesia, on Wednesday. Nine affiliates, including Lotte Chemical, Lotte Department Store, Lotte Mart and Lotte Global Logistics, took part in the event to recruit 300 locals. Lotte introduced its business opportunities and offered career consultations and mock interviews with current employees to about 600 job seekers. Promotional booths and prize events were also available. The group held its first global job fair in Hanoi, Vietnam, in Aug
Sept. 9, 2026 -
Cosmax, L'Oreal expand partnership on next-generation cosmetics
Korean cosmetics-maker Cosmax and French beauty firm L'Oreal have joined forces to develop next-generation products, ingredients and formulations as Korean beauty products continues to shape global beauty trends, officials said Wednesday. According to the two companies, they signed a memorandum of understanding on the previous day in Paris on the sidelines of the Korea-France summit marking the 140th anniversary of diplomatic relations between the two countries. "It's a great honor to open a new
Sept. 9, 2026 -
GS Caltex to supply DHL Express with 2,000 tons of SAF
GS Caltex will supply sustainable aviation fuel to DHL Express in Korea, expanding its presence in the fast-growing market for lower-carbon aviation fuels. The two companies signed a memorandum of understanding Tuesday at GS Tower in southern Seoul to cooperate on reducing aviation and logistics emissions through SAF. Kim Chang-soo, vice president of GS Caltex’s Mobility and Marketing Division, and DHL Express CEO John Pearson attended the signing ceremony. Under the agreement, GS Caltex will su
Sept. 9, 2026 -
LX Pantos flies in 11.2m eggs to ease Korea supply crunch
LX Pantos has flown 11.2 million fresh eggs to South Korea from the US and Thailand since mid-June, deploying 10 chartered freighters to help ease domestic supply disruptions. The shipments weighed a combined 800 metric tons. In the latest operation, two Boeing 747 cargo planes departed Los Angeles International Airport, with unloading and delivery completed at Incheon Airport on Friday. The flights are part of government measures to stabilize egg supplies disrupted by avian influenza and other
Sept. 9, 2026