Sam Altman, the chief executive officer (CEO) and founder of OpenAI, is visiting Korea to announce collaboration plans with Kakao, contributing to an upward trend in Kakao's stock price.
Kakao shares traded at 41,350 won on the KOSPI market at 2:33 p.m. on the 3rd. This is an increase of 7.82% (3,000 won) from the previous trading day. It has been about a month since Kakao's stock price exceeded the 40,000 won mark, last seen on Dec. 24 of last year.
According to related industries, OpenAI will hold a closed workshop for 100 domestic corporations and startup developers at the Plaza Hotel in Seoul on the 4th. This is the first such event to be held in Korea, and it is expected to be attended by CEO Altman and other senior officials from the company.
CEO Altman is also expected to announce a collaboration with Kakao during his visit. It is reported that CEO Altman and Kakao representative Jeong Shin-a have already coordinated the details of a business agreement in advance.
Kakao's stock price also rose by 7.27% (2,600 won) on the previous trading day, which was on the 31st of last month. This increase is attributed to the rising expectations for AI software companies following the introduction of a cost-effective AI model by Chinese AI startup DeepSeek. Kakao first unveiled its own AI service "Kanana" last year and is preparing for its official launch this year.