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Sam Altman Cancels Korea Trip, Tools for Humanity Cuts Jobs

Sam Altman scrapped a planned visit to Samsung, Kakao, and Naver on June 14-15. Separately, his iris-scanning company Tools for Humanity is reportedly laying off staff.

Sam Altman Cancels Korea Trip, Tools for Humanity Cuts Jobstechcrunch.com

What happened with Sam Altman's Korea trip?

Sam Altman canceled his planned two-day visit to South Korea, which had been scheduled to begin June 14. OpenAI confirmed the postponement, citing personal reasons. The specific reason was not disclosed.

It would have been Altman's first return to Korea in eight months, following a visit last October. According to Seoul Economic Daily, an industry source said Altman "decided to reschedule the visit due to an important commitment in the United States."

Who was Altman scheduled to meet in Korea?

Altman had a full slate of meetings lined up with major Korean tech and internet companies. All were canceled.

Here is what was on the schedule before the postponement:

  • Samsung Electronics — June 15 meeting to discuss expanding AI business cooperation
  • Kakao — discussions on expanding OpenAI's ChatGPT service
  • Naver — similar talks on ChatGPT expansion

Chosun Biz reported that OpenAI issued a statement saying: "Korea is a very important country and a strategic partner for OpenAI, and the cooperation under way with domestic partners will continue as planned." OpenAI added that it hopes Altman "can return to Korea in the near future to greet people in person."

What did OpenAI say about its Korean partnerships?

OpenAI was direct: the partnerships are not affected. The company said existing cooperation with Korean partners "will continue as planned," regardless of the trip cancellation. No new timeline for a rescheduled visit was given.

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What is Tools for Humanity, and why is it laying off staff?

Tools for Humanity is a company co-founded and chaired by Sam Altman that runs a biometric identity verification project called World. Its signature device is a silver orb that scans users' irises to confirm they are human — not a bot.

According to TechCrunch, Business Insider reported that Tools for Humanity is conducting layoffs. TechCrunch reached out to the company for confirmation but had not received it at time of publication.

The company is reportedly downsizing as it struggles to create revenue.

How much has Tools for Humanity raised, and who backed it?

Tools for Humanity raised money at a $2.5 billion valuation. Investors include Andreessen Horowitz, Bain Capital, and other funds focused on blockchain companies.

The company also issues its own cryptocurrency, called Worldcoin, which it has used as an incentive for iris scans. In several countries, people were offered the equivalent of $50 in Worldcoin in exchange for their biometric data.

What regulatory problems has Tools for Humanity faced?

The company has run into legal and ethical trouble in multiple countries. Here is a summary of the key actions taken against it:

Country Action
Kenya Banned World from operating, citing privacy and financial concerns
South Korea Fined the company $830,000 for allegedly violating local privacy law
India Raised regulatory and ethical concerns
Hong Kong Raised regulatory and ethical concerns

Did the layoffs coincide with anything else at OpenAI?

Yes. On the same day the Tools for Humanity layoff report surfaced — June 8 — OpenAI announced it had confidentially filed for an IPO. TechCrunch described it as potentially "one of the defining public offerings of the decade."

Here's what we know so far: the two events are happening simultaneously, but the sources do not connect them causally. Tools for Humanity is a separate company from OpenAI, though Altman chairs both.

For context on OpenAI's broader business moves, including its approach to AI token costs and competition from rivals covered in our Microsoft and Google AI coding report, the IPO filing marks a significant moment for the company.

What US partnerships does Tools for Humanity have?

In the United States, Tools for Humanity has signed on several corporate partners. Tinder, Zoom, and Docusign have all partnered with the World verification project. These partnerships are aimed at using iris-scan verification to confirm users are human rather than bots — a growing concern as OpenAI price cuts and AI proliferation make automated accounts easier to create.

The broader question of verifying human identity online connects to themes our community has tracked in Apple WWDC 2026 and the NEURA Robotics funding round, where the line between human and machine activity is increasingly contested.

OpenAI's confirmed next step: the company says it hopes Altman will visit Korea "in the near future," though no specific date has been set.

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Frequently asked questions

Why did Sam Altman cancel his Korea trip?
OpenAI said Altman postponed his June 14-15 Korea visit due to personal reasons. An industry source cited by Seoul Economic Daily said he had "an important commitment in the United States." The specific reason was not publicly disclosed, and no new date for a rescheduled visit was announced.
Which Korean companies was Sam Altman planning to meet?
Altman was scheduled to meet executives at Samsung Electronics on June 15 to discuss AI cooperation, and also planned meetings with Kakao and Naver to discuss expanding OpenAI's ChatGPT service in Korea. All meetings were canceled following the postponement announcement on June 12.
What is Tools for Humanity and why is it laying off workers?
Tools for Humanity is Sam Altman's iris-scanning company that runs the World biometric identity verification project. It is reportedly conducting layoffs because it is struggling to generate revenue. The layoff report came from Business Insider and was published by TechCrunch on June 8, 2026. TechCrunch had not received confirmation from the company at time of publication.
How much is Tools for Humanity worth and who are its investors?
Tools for Humanity raised funding at a $2.5 billion valuation. Its investors include Andreessen Horowitz and Bain Capital, along with other funds that back blockchain companies. The company also issues its own cryptocurrency called Worldcoin, which it has used to incentivize people to submit iris scans.
Has Tools for Humanity faced legal penalties in any country?
Yes. South Korea fined Tools for Humanity $830,000 for allegedly violating local privacy law. Kenya banned the company's World project from operating entirely, citing privacy and financial concerns. India and Hong Kong also raised regulatory and ethical concerns about the company's iris-scanning practices and use of biometric data.

Sources

  1. Seoul Economic Daily en.sedaily.com
  2. Chosun Biz biz.chosun.com
  3. TechCrunch techcrunch.com

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