From Portfolio Optimization to Quantum Security... Financial Sector's Quantum Transition Discussed at National Assembly

As quantum technology emerges as a next-generation core technology that will determine competitiveness and security transformation strategies in the financial industry, a forum was held at the National Assembly to discuss the application of quantum technology in finance and countermeasures for quantum security.

Participants of the 'Quantum Technology Parliamentary Seminar Series' held at the National Assembly on the 29th are taking a commemorative photo. Photo by Future Quantum Convergence Forum

On June 29, the 'Quantum Technology National Assembly Series Seminar – 3rd Session: Financial Sector' was held in Conference Room 2 of the National Assembly Members’ Office Building. The event was co-hosted by Assemblywoman Lee Juhee of the National Assembly’s Science, ICT, Broadcasting, and Communications Committee and Assemblyman Lee Kangil of the Political Affairs Committee, and co-organized by the Mirae Quantum Convergence Forum and the Korea Quantum Industry Association.

This seminar was organized to share directions for the application of quantum technology and strategies for transitioning to quantum security in the financial sector, as well as to provide a venue for industry, academia, research, and government to discuss response strategies and policy cooperation for Korea’s financial industry.

In her opening remarks, Assemblywoman Lee Juhee stated, "Quantum technology is a next-generation core technology that will determine the competitiveness of the financial industry, following artificial intelligence," adding, "The National Assembly will spare no effort in providing institutional and policy support so that the financial sector can proactively respond to changes in quantum technology and secure global competitiveness."

Co-host Assemblyman Lee Kangil said, "The financial industry operates on the basis of data, security, and trust, making it one of the sectors where the impact of quantum technology may be felt first," and added, "We will actively reflect the voices from the field so that Korea's financial sector can secure competitiveness in quantum security and the application of quantum technology in finance."

In the keynote presentation, Professor Han Youngsun of National Pukyong University discussed the 'Global Application and Outlook of Quantum Technology in Finance,' introducing the current status of quantum technology adoption in the financial sector through investment and utilization cases from global financial institutions such as JP Morgan and Goldman Sachs, and presenting the potential for convergence between AI and quantum technology.

Choi Jeongwoon, Team Leader at SK Telecom, shared the latest trends and development directions of quantum cryptography technologies such as quantum key distribution (QKD) and post-quantum cryptography (PQC), focusing on next-generation security technologies and the directions that the financial sector should prepare for.

Kim Dongho, Chief Quantum Officer at Megazone Cloud, presented the possibilities for utilizing quantum computing in finance and future strategic directions, based on real-life examples such as portfolio optimization, RFQ transaction prediction, and slippage cost reduction.

Kim Jaewan, Co-Chairman of the Mirae Quantum Convergence Forum, said, "Finance is a key foundation of the national economy and an important field where the practical applicability of quantum technology can be verified."

The office of Assemblywoman Lee Juhee, the Mirae Quantum Convergence Forum, and the Korea Quantum Industry Association plan to hold the fourth seminar on the topic of the current status of quantum ecosystem development in Korea and abroad and strategies for promoting quantum clusters, following previous sessions on bio, defense, and finance.

This content was produced with the assistance of AI translation services.