[Featured Stock] SKT Quantum Encryption Commercialization News... Related Stock KCS Up 19%
Hardware security solution company KCS is soaring.
![[Featured Stock] SKT Quantum Encryption Commercialization News... Related Stock KCS Up 19%](http://www.asiae.co.kr/news/img_view.htm?img=2024072208164559128_1721603806.jpg)
As of 11:20 AM on the 15th, KCS is trading at 6,910 KRW, up 19.34% (1,120 KRW) from the previous trading day.
The news that SK Telecom is launching the world's first hybrid quantum encryption commercialization appears to have acted as a positive catalyst. KCS is classified as a quantum technology-related stock as it has a history of developing quantum random number generation (QRNG) technology together with SK Telecom.
On the same day, SK Telecom announced the launch of a ‘QKD-PQC hybrid quantum encryption’ product that combines the latest PQC (post-quantum cryptography) standard algorithm with a QKD (quantum key distribution) system.
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KCS first introduced the next-generation quantum encryption chip 'Q-HSM' at 'Quantum Korea 2024' at the end of June and is currently establishing marketing plans with SK Telecom and others to target the public and private quantum encryption chip application markets. The 'Q-HSM' is expected to be installed in various business areas such as drones, CCTV, home networks, and low-power IoT (Internet of Things) terminal devices.
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