Hyundai Motor Brings Safety Leaders from 12 Countries Together for Global Standardization Hyundai Motor is gathering safety leaders from its global operations to standardize safety management levels. On September 16, Hyundai announced the launch of the Global One Safety Council (GOSC) and a conference taking place at its domestic facilities until September 18. GOSC is a global council established to facilitate communication among safety personnel responsible for safety across Hyundai's worldwide operations. This marks the first time all of Hyundai's safety leaders have convened in o September 16, 2026

Ministry of Culture Simplifies 34 Foreign Terms Related to Semiconductors The Ministry of Culture, Sports and Tourism and the National Institute of the Korean Language announced on September 16 that they have simplified 34 foreign terms commonly used in media and daily life into easier Korean expressions.The terms were refined through a process involving the 'New Words Group,' which included participation from media professionals, academics, and university students. A survey was conducted with 3,000 citizens aged 15 and older to gauge acceptance, leading to the final September 16, 2026

Cuckoo Launches Restino Full-Body Massage Chair with 24 Customizable Options Cuckoo announced the launch of its 'Restino Full-Body Massage Chair' on September 16, designed to accommodate various body types and relaxation preferences ahead of the Chuseok holiday.Through its recent furniture and appliance brand 'Restino,' Cuckoo has introduced a range of massage products. The company has received positive feedback for its diverse offerings, including furniture-style massage chairs, massage beds, neck and shoulder massagers, calf massagers, and thigh massagers, catering to September 16, 2026

K-Pop Concerts Drive Continued Consumer Spending Beyond Music Analysis shows that the economic impact of K-Pop concerts extends beyond the venue. Revenue from music content, including albums and digital tracks, is linked to overseas sales before and after performances. Additionally, exports of other K-content, such as films, broadcast videos, and webtoons, have also been associated with these concerts. Experts suggest utilizing overseas tours not just for ticket sales but as local hubs for K-content exports.The Korea Culture and Tourism Institute published September 16, 2026

OpenAI Pursues New Funding Despite AI Slowdown Debate, Valuation at $1.2 Trillion OpenAI is reportedly seeking new funding to enhance its competitiveness, despite recent calls for a slowdown in artificial intelligence (AI) development. The company had initially planned to go public this year, but that IPO has been delayed, prompting the need for additional financing.On September 15, the Financial Times reported, citing multiple sources, that OpenAI is in discussions with major investors to raise its valuation to $1.2 trillion (approximately 1,637 trillion won). One source not September 16, 2026

Iran's Foreign Minister Visits Beijing Ahead of US-China Summit Iran's Foreign Minister is set to visit Beijing once again ahead of the upcoming US-China summit. Coincidentally, this pattern has emerged where the Iranian Foreign Minister visits Beijing about a week before meetings between the US President and the Chinese President.Abbas Araghchi, Iran's Foreign Minister, is scheduled to meet with Wang Yi, a member of the Political Bureau of the Chinese Communist Party and Foreign Minister, on the 16th, as announced by the Chinese Foreign Ministry. While the September 16, 2026

GS Ventures Invests in AI Data Centers, Embracing Startup Innovations GS is building a technology ecosystem to develop artificial intelligence (AI) data centers as a future growth engine for the group. The company plans to integrate new technologies from startups in memory, cooling, and cloud sectors with its existing capabilities in power and construction, thereby expanding its business scope across the entire AI data center value chain.On September 15, GS Ventures hosted the '2026 GS Ventures Tech Day' at GS Tower in Gangnam, Seoul.This year's event focused on A September 16, 2026

Korea Investment Securities Recommends Increased Stake in Hyosung Heavy Industries Korea Investment Securities has recommended increasing stakes in Hyosung Heavy Industries, a transformer manufacturer, on September 16. The firm believes that concerns over the re-entry of Chinese equipment into the market have eased due to an executive order from the Trump administration, which may alleviate fears of a slowdown in high-voltage transformer demand.Jang Nam-hyun, a researcher at Korea Investment Securities, stated, "Large-scale data centers must secure stable grid power in the lon September 16, 2026

Korea Investment Securities Upgrades Hyosung Heavy Industries Amid Transformer Demand Korea Investment Securities on September 16 upgraded its rating for transformer manufacturer Hyosung Heavy Industries to 'overweight.' The firm noted that concerns about the re-entry of Chinese equipment into the market have eased due to an executive order from the Trump administration, which has alleviated fears of a slowdown in high-voltage transformer demand.Jang Nam-hyun, a researcher at Korea Investment Securities, stated, "Large-scale data centers must secure stable grid power in the long September 16, 2026

Overseas Financial Institutions Allowed to Conduct Won Transactions A new regulatory framework has been established allowing overseas financial institutions to conduct won-related operations for non-residents abroad. It will also be possible to open integrated won accounts at domestic foreign exchange banks and use the Bank of Korea's won international payment network for transactions.On September 16, the Ministry of Finance announced the revision and notification of the 'Guidelines for Foreign Financial Institutions' Foreign Exchange Operations' and 'Foreign Ex September 16, 2026