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POSCO Group Accelerates 'Triple-Core' Strategy, Chairman Jang In-hwa Says Quick Execution is Key to Survival Jang In-hwa, chairman of POSCO Group, will focus on the execution of the group's future growth strategy, 'Triple-Core,' during the '2026 POSCO Forum' with all group executives.According to POSCO Group, the forum is a gathering of all executives to discuss future growth and innovation strategies while listening to insights from external experts.This year's forum, themed 'Seize Future Value in a New Competitive Landscape,' will take place over two days starting September 17 at the Songdo POSCO Global R&D Center. It aims to concretize the execution plans for the Triple-Core strategy announced in July and derive solutions for securing future value.The forum will consist of three sessions: how the competitive landscape is changing, where and how to compete and grow, and how to complete the transformation. Each session will feature lectures, discussions, and panel talks led by top experts in their respective fields.Chairman Jang stated, 'In this transformative period marked by geopolitical restructuring and shifts in technological paradigms, quick execution is the key to survival.' He emphasized the need to read the direction of change, prepare adequately, and find clear answers on how quickly to adapt in order to successfully implement the Triple-Core strategy and expand resource-centric operations. He urged, 'Let us open new paths for growth with bold goals and decisive execution.'Jang also highlighted key tasks, including the localization strategy for steel, securing major markets for lithium and rare earths, and the buffering role of energy businesses. He noted that differentiated growth logic should be applied, considering the varying management environments of each business.Dominic Barton, chairman of Rio Tinto, will deliver the keynote address, analyzing the impact of geopolitical and technological changes on corporate value. He will present strategic insights for POSCO Group based on global companies that have achieved remarkable growth through portfolio restructuring and focused investments.Subsequent sessions will explore strategies and case studies from leading companies that are creating new success formulas amid the restructuring of the global industrial order, as well as examining the potential applications of physical AI in autonomous manufacturing technologies and ways to enhance future value.Through this forum, POSCO Group plans to clarify its future direction and derive a mid-term execution agenda.Previously, at the 'CEO Investor Day,' POSCO Group announced its vision to transform its business portfolio centered on resources, expanding beyond steel to include lithium and energy, and to emerge as a key national resource supplier through the Triple-Core strategy.A POSCO Group official stated, 'We will accelerate the transition to a resource-centric portfolio and solidify our future growth foundation through enhanced supply chain resilience, technological innovation, and corporate value enhancement.'Meanwhile, POSCO Group is also speeding up its business restructuring in line with the Triple-Core strategy. It is promoting the localization of steel production through an electric arc furnace plant in Louisiana, USA, while expanding its supply chain for key resources such as lithium and rare earths to strengthen its resource-centric business portfolio.* This article has been translated by AI. 2026-09-17 08:32:00 -
Market Preview: Fed Signals Further Rate Hikes, Increasing KOSPI Volatility The U.S. Federal Reserve's decision to raise interest rates for the first time in over three years and its indication of potential further increases have raised concerns about increased volatility in the domestic stock market. Following a decline in the New York stock market, rising U.S. Treasury yields and a stronger dollar are expected to weigh on investor sentiment.On September 16, the Dow Jones Industrial Average closed down 631.21 points (1.21%) at 51,461.90 on the New York Stock Exchange. The S&P 500 fell 33.92 points (0.45%) to finish at 7,551.81, while the tech-heavy Nasdaq Composite dropped 3.15 points (0.01%) to close at 25,978.43.Initially, the New York market showed gains, but it reversed course following the Fed's interest rate decision. The Federal Open Market Committee (FOMC) raised the benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4.00%, marking the first increase since July 2023.All 12 FOMC members unanimously supported the rate hike. With the Fed leaving the door open for additional rate increases this year, market participants are increasingly cautious about the potential for further tightening.U.S. Treasury yields also rose, with the benchmark 10-year Treasury yield surpassing 5% during trading. The dollar strengthened, with the Dollar Index (DXY), which measures the dollar against six major currencies, rising 0.6% to 100.21.International oil prices fell after a recent surge, as news of Saudi Arabia's diversion of oil supplies led to a partial reversal of gains. October futures for West Texas Intermediate (WTI) crude oil settled at $102.43 per barrel, down 3.21% from the previous trading day.According to Seo Sang-young, a researcher at Mirae Asset Securities, "As Fed Chair Kevin Warsh continued to emphasize inflation, his somewhat hawkish remarks led to a strengthening of the dollar and a rise in interest rates, causing the indices to turn downward."Attention is now focused on whether the potential for further tightening by the Fed will impact investor sentiment in the domestic market. As of 8:17 a.m. on September 16, shares of Samsung Electronics were up 0.39% compared to the previous trading day. In contrast, SK Hynix fell 0.06%, SK Square dropped 0.20%, Samsung Electro-Mechanics declined 0.51%, and LG Energy Solution decreased by 0.27%.Han Ji-young, a researcher at Kiwoom Securities, stated, "We should prepare for the possibility of an additional rate hike this year, as the domestic market is likely to experience increased volatility while digesting the hawkish signals from the September FOMC."* This article has been translated by AI. 2026-09-17 08:32:00
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Samsung Launches 'One UI 9' Update with AI Features to Combat Voice Phishing Samsung Electronics has begun rolling out its latest user interface software update, 'One UI 9,' starting in South Korea and expanding to global markets. The update will first be available for the Galaxy S26 series, with plans to broaden support to additional devices. According to Samsung on September 17, One UI 9 enhances usability across different form factors and offers improved Galaxy AI and personalized features through the recent update. New features include 'My FanCam,' which automatically tracks specific individuals in videos and centers them on the screen, and a 'Warranty and Care' menu that integrates device warranty checks, self-diagnosis, estimated repair costs, Samsung Care+ management, and service center reservations. Existing features have also been significantly improved. The 'Now Brief' function now allows users to create personalized briefing cards. 'Now Nudge' automatically suggests appointment information or location sharing during conversations. The 'Creative Studio' assists in generating images tailored to important schedules. The 'Interpretation' feature has been upgraded with a 'Thread View' to track conversation flow, and translation speed has been enhanced. The 'Scan' function now includes improved document correction for curved pages and a finger eraser feature. The 'Voice Recording' function organizes summaries into structured formats, including titles and table layouts. Security measures have also been significantly strengthened. A new 'Security Brief' summarizes security issues, and an on-device AI-based 'Privacy Protection Notification' has been added. The number of countries supported for 'Voice Phishing Alert' notifications has increased. In South Korea, a new technology has been implemented to detect AI-modulated voices in calls, providing real-time pop-ups and alerts to block potential voice phishing attempts.* This article has been translated by AI. 2026-09-17 08:32:00
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CJ OliveNetworks to Enhance AI Recruitment for New Hires in Second Half of 2026 CJ OliveNetworks announced plans to implement AI competency assessments in its recruitment process for new hires in the second half of 2026, aiming to secure 'AI native talent.' The company intends to select candidates with both job-specific expertise and the ability to utilize AI in response to the industry's overall AI transformation (AX).The company revealed its public recruitment for new employees on September 17, 2026. The positions available include roles in AI, data, software, digital transformation (DX), ERP, information security, infrastructure services, cloud, network services, and AI video product planning. Applications will be accepted until 5 p.m. on September 30 through the CJ Group recruitment website.AI engineers will support AX across various industries by developing generative AI and agent-based services. Data engineers will be responsible for building and operating the group’s data platform. DX engineers will develop systems and services for key CJ Group businesses, including food and food services, logistics and new retail, and entertainment and media.This recruitment drive focuses on selecting 'AI native talent.' The goal is to find individuals who can use AI as a fundamental tool in their work, identify new opportunities independently, and demonstrate their achievements.To facilitate this, the company has completely overhauled its coding test process and introduced an 'AI competency assessment test' for all positions. Candidates for development roles will take a 'vibe coding test' that evaluates their ability to collaborate with AI to produce tangible results. Non-development roles will undergo an 'AI utilization competency test' to assess how effectively they can leverage AI in work scenarios.The recruitment process will consist of document screening, the AI competency assessment test, and two rounds of interviews. Candidates who pass the second interview will undergo an internship evaluation within three weeks, with final acceptance confirmed in January 2027. To assist applicants in understanding the roles, an online recruitment briefing featuring hiring managers and job seniors will be held on September 28.In addition to hiring new employees, CJ OliveNetworks is linking its youth AI talent development program to recruitment efforts. The company participates in the 'K-New Deal Academy' by the Ministry of Employment and Labor and the Korea Chamber of Commerce and Industry, as well as the 'Future Tomorrow Work Experience' project, offering AI education and internship programs for young people.Lee Yong-wook, head of HR at CJ OliveNetworks, stated, "In an era where AI is fundamental to how we work, we have restructured our recruitment process to discover AI native talent. We look forward to receiving interest and applications from individuals who want to grow with CJ OliveNetworks, leading the AX of the industry and finding new opportunities through AI." CJ OliveNetworks aims to strengthen its capabilities in AI, big data, and cloud technology, with a goal of becoming one of the top five AX and DX companies in South Korea by 2030, coinciding with its 30th anniversary last year. In the first half of this year, the company strategically enhanced its AI sector and expanded its recruitment of related talent, outlining the responsibilities of AI engineers to include language AI, physical AI, and agent-based application service development. The introduction of the AI competency assessment test for all positions marks a significant step in integrating AI utilization capabilities into the recruitment process.* This article has been translated by AI. 2026-09-17 08:28:00
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Korean Music Copyright Association Enhances Royalty Distribution System The Korea Music Copyright Association has improved its matching system, a key step in the royalty distribution process. Some operations have become up to 1,200 times faster.According to the association on September 17, the large-scale matching of works has been reduced from the previous 3-4 days to under one hour, while matching rights holders for overseas royalties has decreased from about 10 hours to under 30 seconds. This represents an improvement of at least 72 times and up to 1,200 times in processing speed.To distribute royalties, the association must connect music usage data received from users on platforms like YouTube and Netflix with the information on works and rights holders it manages.The matching of works involves identifying potential matches by comparing song titles, artist names, and album names, while rights holder matching connects overseas royalties to actual rights holders who are members of the association.Previously, even the same song could be entered with different spacing, English spellings, artist names, or subtitles, necessitating repeated searches and comparisons of large datasets. As a result, matching works took several days, and matching rights holders for overseas royalties averaged about 10 hours.The association has revamped the system through in-house development. Instead of repeatedly requesting calculations from the database, the system now directly compares the similarity of music information, optimizing both the candidate search method and the data processing process.By processing multiple data points and reducing unnecessary additional searches once a certain level of similarity is reached, the association has been able to decrease processing times. This allows for more music usage data to be verified within the same distribution schedule and enables additional checks on unmatched data that were not automatically linked. This is expected to enhance the accuracy and efficiency of royalty distribution.In the future, the association plans to refine its ability to recognize differences in artist names and featuring credits, and it will consider matching methods that reflect the linguistic characteristics of Hangul, such as initial, medial, and final sounds. The goal is to develop a system that meets global standards for use in collecting and distributing overseas royalties.Lee Si-ha, president of the Korea Music Copyright Association, stated, "The speed and accuracy of the distribution system are directly related to the royalties that members should receive. In a situation where music usage data is rapidly increasing, it is necessary to continuously improve the system structure, as stable processing is difficult with existing methods."* This article has been translated by AI. 2026-09-17 08:24:00
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SK Securities: HD Hyundai Marine Solutions to Benefit from Engine Expansion, Target Price Set at 340,000 Won SK Securities stated that HD Hyundai Marine Solutions is expected to be a major beneficiary of the expanded production capacity of HD Hyundai Heavy Industries' HiMSEN engines. The firm maintained a 'Buy' rating and a target price of 340,000 won.Han Seung-han, a researcher at SK Securities, noted, "The key to stock price momentum lies not in short-term performance but in the long-term growth trajectory, which is expanding from a focus on ships to include data centers (DC)." He projected that the after-market (AM) services for land power generation engines, based on the increased production capacity of HD Hyundai Heavy Industries' four-stroke engines, will lead to stable high profitability for HD Hyundai Marine Solutions. The operating profit margin for this business is estimated to be around 50-60%.He specifically forecasted that maintenance performance would rapidly expand following the full-scale supply of land power generation engines. The 1GW supply from HD Hyundai Engines is expected to begin in 2027-2028, while the 3GW supply from the Ulsan new plant is set to start in the fourth quarter of 2028. Consequently, maintenance revenue and profits are anticipated to significantly increase starting in 2030, three years after delivery.The shorter maintenance cycle for data center engines compared to ships is also seen as a factor for performance growth. The expected maintenance cycle for data center engines is three years, shorter than the five years for ships, with approximately 30% of engine sales expected to come from maintenance revenue every three years. Assuming a 25-year operational period for data centers, the total maintenance revenue could amount to 2.5 times the engine sales revenue for HD Hyundai Marine Solutions.SK Securities also expects continued growth in performance. The firm forecasts that HD Hyundai Marine Solutions' operating profit will rise from 415.8 billion won this year to 516.4 billion won in 2027 and 655 billion won in 2028. The operating profit margin is also projected to increase from 17.2% to 18.8% and then to 20.8% during the same period.Han identified the floating data center (FDC) retrofit business as a new growth driver. With the recent increase in demand for FDCs from hyperscalers, HD Hyundai Marine Solutions is currently in discussions regarding inquiries related to this business. He anticipates that the FDC retrofit business will become a new growth engine in the eco-friendly solutions sector, based on its shorter lead time compared to new builds.* This article has been translated by AI. 2026-09-17 08:24:00
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Prosecutors Add Charges Against Kang Sun-woo and Kim Kyung for Illegal Political Donations Ahead of local elections, independent lawmaker Kang Sun-woo and former Seoul city councilor Kim Kyung have been additionally charged with illegal "split donations" using other people's names after being arrested for exchanging large sums of money in return for nominations.According to legal sources on September 16, the Seoul Central District Prosecutors' Office's Public Investigation Division 2, led by Chief Prosecutor Kim Hyung-won, indicted Kang and Kim on September 14 for violating political funding laws. This means the two will face trial not only for the previous campaign donation case but also for the new charges related to illegal political fundraising.Investigations revealed that Kim allegedly provided over 130 million won in donations to Kang multiple times after the June 1, 2022, local elections by borrowing the names of dozens of individuals. Current laws strictly prohibit using another person's name to make political donations, a practice known as "split donations."Kang is believed to have returned 100 million won to Kim immediately after receiving it as a bribe for a nomination, only to receive the same funds back through the irregular "split donation" method. Prosecutors concluded that both individuals attempted to disguise the illegal nature of the money as legitimate donations.Previously, both were arrested and indicted in March for allegedly exchanging a shopping bag containing 100 million won in a hotel in Yongsan, Seoul, in January 2022, in return for a single nomination for a city councilor candidate (violating political funding laws, among other charges).At that time, Kang, who was affiliated with the Democratic Party, nominated Kim as the sole candidate for the party in his district of Gangseo, Seoul, and Kim won the election.The Seoul Central District Court has assigned the newly added charges to the same criminal division currently handling the original campaign donation case. The court has decided to combine the two cases for joint hearings. However, the date for the first trial regarding the additional charges has not yet been set.Meanwhile, the sentencing hearing for their campaign donation case took place today at the Seoul Central District Court, where prosecutors are expected to present their recommendations and the defendants will make their final statements.* This article has been translated by AI. 2026-09-17 08:20:00
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Daishin Securities Lowers LG Display's Target Price Amid Currency and IT Demand Concerns 대신증권은 LG디스플레이에 대해 올해 3분기 흑자전환이 예상되지만 환율 하락과 정보기술(IT) 기기 수요 둔화로 시장 기대치를 밑돌 것으로 전망했다. 투자의견 '매수'를 유지하고 목표주가는 1만2000원으로 하향했다. 박강호 대신증권 연구원은 17일 보고서를 통해 LG디스플레이의 올해 3분기 영업이익을 3253억원으로 전망했다. 전 분기 대비 흑자전환하지만 전년 동기보다는 24.5% 감소한 수준이다. 기존 추정치인 4360억원과 시장 컨센서스 4045억원도 밑돈다. 같은 기간 매출액은 6조6700억원으로 전 분기 대비 18.8% 증가하지만 전년 동기 대비로는 4.2% 감소할 것으로 추정했다. 시장 컨센서스인 6조9100억원에도 미치지 못하는 수준이다. 박 연구원은 실적이 시장 기대치를 밑도는 배경으로 원·달러 환율 하락과 원자재 가격 상승을 꼽았다. 그는 "원·달러 평균 환율이 지난 15일 기준 2분기 대비 4.6%, 6월 말 대비 12.7% 하락하면서 수익성에 부담으로 작용했다"며 "반도체와 주요 원자재 가격 상승으로 IT 기기 판매가격도 오르면서 수요가 둔화된 것으로 분석된다"고 설명했다. 북미 전략 거래선의 모바일용 유기발광다이오드(OLED) 패널 공급 증가와 프리미엄 모델 비중 확대에 따른 제품 믹스 개선은 긍정적으로 평가했다. 다만 메모리 가격 상승으로 스마트폰과 태블릿PC, 노트북 등의 판매가격이 오르고 수요가 둔화하면서 부품업체의 수익성 부담으로 이어질 것으로 봤다. 대신증권은 LG디스플레이의 올해 하반기 영업이익을 6317억원으로 전년 동기 대비 5.4% 증가할 것으로 전망했다. 연간 영업이익은 지난해 5170억원에 이어 올해 6707억원, 내년에는 1조600억원까지 확대될 것으로 내다봤다. 박 연구원은 "중장기적으로 북미 전략 거래선 내 점유율 증가와 대형 OLED 패널의 감가상각비 축소, OLED 매출 비중 확대에 따른 수익성 개선 흐름은 유효하다"고 평가했다. 다만 올해와 내년 주당순이익(EPS) 전망치를 각각 적자 유지, 45% 하향 조정하면서 목표주가도 1만2000원으로 낮췄다. 박 연구원은 "북미 전략 거래선의 스마트폰 출시 전략이 상·하반기로 전환되면서 2027년 상반기에는 과거와 같은 비수기 영향이 최소화될 것"이라며 "고정비 부담 완화와 수익성 개선 가능성이 높다"고 말했다.* This article has been translated by AI. 2026-09-17 08:16:00
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Former Kakao Brain CEO Kim Il-doo Faces Lawsuit Over Misuse of $90 Million Investment Kim Il-doo, the former CEO of Kakao Brain, a subsidiary of Kakao specializing in artificial intelligence (AI), has been sued for allegedly misusing investment funds from an AI startup he founded.According to Yonhap News Agency, the Seocho Police Station in Seoul reported on September 16 that it has received over ten complaints against Kim since November of last year, alleging breach of trust and fraud under the Act on the Aggravated Punishment of Specific Economic Crimes.The complainants claim that Kim used the investment funds raised for his AI search startup, Open Research, for purposes different from those originally stated. The amount in question is approximately 9 billion won.Some complainants allege that the funds were used for personal purposes, including gambling and loan sharking, and are demanding their return. The police are currently investigating the specific uses of the funds and verifying the claims made by the complainants.One of the partner companies that provided services to Open Research has also filed a separate fraud complaint against Kim, claiming it has not received payment for work amounting to tens of millions of won.In a public apology issued at the end of last year, Kim admitted to his gambling and loan sharking activities. He stated that he began borrowing money to recover gambling losses after first visiting a casino during a business trip to Las Vegas in April 2024, and he acknowledged that he lied during the borrowing process.While leading Kakao Brain, Kim was responsible for the development of Kakao's AI research, including the Korean-language generative AI model 'KoGPT' and the image generation AI 'Kalo.' He later founded Open Research in July 2024, launching the AI search service 'oo.ai.'Open Research initially attracted attention in the AI search sector by securing 10 billion won in investments, but the service was reportedly discontinued in April of this year.The police are investigating the allegations regarding the misuse of investment funds and the claims of unpaid fees from partner companies.* This article has been translated by AI. 2026-09-17 07:56:00
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Mayfield Hotel to Host Dionysus Wine Fair on September 19-20 Wine enthusiasts will encounter the artwork of Jean-Jacques Sempé through their glasses. French wine, gourmet food, music, and art will come together in Seoul's autumn garden.Mayfield Hotel Seoul announced that it will hold the 24th Dionysus Wine Fair at the hotel's outdoor Bell Tower Garden on September 19 and 20.This year's event, themed 'Falling in Wine with French Romance,' will showcase French wines, food, music, and art. Sixteen wine companies, including Gyeongyang International, Lotte Wine, Olvin Wine, Vino H, Jangseong Global, Wine Brothers, PNS, and Vina Roma, will participate. Attendees can sample a variety of wines at booths set up from 5 PM to 10 PM in the Bell Tower Garden.The event will also feature works by French illustrator Jean-Jacques Sempé. In collaboration with the 'Bonjour, Jean-Jacques Sempé: A Perspective on the World' exhibition at My Art Museum One Grove, customers who purchase table tickets will receive admission tickets to the exhibition. This offer is limited to the first 500 tickets, and the exhibition will be open until November 14.Food pairings will include flank steak with Burgundy red wine sauce, citrus vinaigrette with seafood salad, and more. Additional pairing options such as jambon and Comté pizza, grilled octopus, and cheese and olive platters will be available for purchase.Live performances by a modern pop band will take place at 7 PM in two sessions. Between performances, a raffle will offer prizes including hotel accommodation vouchers, buffet dining passes, and wine.Lee Sun-woo, head of marketing at Mayfield Hotel, stated, "This year's Dionysus Wine Fair aims to provide a richer experience by combining the romance of France with wine, gourmet food, music, and art." 2026-09-17 07:48:00