Samsung SDS to Collaborate with Dunamu on Stablecoin and AI... Plans to Detail Business Model (Comprehensive)

"Strengthening the Digital Financial Infrastructure Business... Exploring Various Opportunities"

Samsung SDS is joining forces with Dunamu in the digital asset sector, including the stablecoin infrastructure and next-generation payment businesses based on artificial intelligence (AI).

On July 30, during this year's second quarter earnings conference call, Junhee Lee, CEO of Samsung SDS, stated, "Our equity investment in Dunamu is not merely a financial investment, but a strategic move to advance into the digital asset infrastructure business."

Junhee Lee, CEO of Samsung SDS. Samsung SDS

Lee further explained the purpose of the investment, saying, "The goal is to strengthen our digital financial infrastructure business by combining Dunamu's blockchain operation expertise with Samsung SDS's capabilities in IT services, AI, cloud, and security."

He added, "We invested with various business opportunities in mind, such as the stablecoin infrastructure business, virtual asset-based financial system integration (SI) business, and AI-based next-generation payment business. Moving forward, we plan to discuss partnership strategies with Dunamu and solidify concrete business models."

On the same day, Samsung SDS (Samsung SDS Co., Ltd.) announced in a regulatory filing that its consolidated operating profit for the second quarter of this year provisionally reached 231.8 billion won, up 0.7% from the same period last year. Revenue for the same period was 3.7178 trillion won, marking a 5.9% increase year over year.

Breaking down the performance by division, revenue in the IT Services segment was 1.7625 trillion won, a 5% increase compared to the same period last year. Within IT Services, the cloud business, which accounts for the largest share, generated 779.4 billion won in revenue, up 17% from a year ago. Among these, external business revenue grew by 75% year over year, driving overall performance improvement.

Within the cloud business, the Cloud Service Provider (CSP) segment grew by 24% from the previous year, driven by increased demand for the Samsung Cloud Platform (SCP) and the expansion of GPU as a Service (GPUaaS) offerings for the public and external sectors. In the cloud managed services (MSP) segment, sales rose 17% from the previous year, fueled by AI transformation (AX) projects in finance and ERP projects in the shipbuilding industry.

In the logistics business division, sales reached 1.9553 trillion won, up 6.6% from the prior year. This was due to growth in air forwarding and contract logistics focused on inland warehousing, as well as the expansion of external business centered around the Cello Square platform.

Samsung SDS is working to strengthen its business competitiveness with an AI full stack encompassing AI infrastructure, AX/AI services, and AI platforms and solutions. In the AI infrastructure space, the company was selected in June as the operator for the Ministry of Science and ICT’s "GPU Procurement, Building, and Operations Support Project," and is currently building out the national AI infrastructure. In March, Samsung SDS became the first in Korea to introduce the NVIDIA B300-based GPUaaS, and this month, launched a service-type NPU (NPUaaS) product based on Renegade, the domestic neural processing unit (NPU) from FuriosaAI.

In the AX and AI services area, Samsung SDS was named as the preferred bidder in April for Woori Bank's AI agent construction project, which applies more than 175 AI agents to core work processes. It also won an additional project to build a generative AI system for the Export-Import Bank of Korea. Samsung SDS has also established cooperative frameworks with the global top three AI firms—OpenAI, Anthropic, and Google Cloud—marking a first in Korea.

To secure future growth engines and uncover new business opportunities, Samsung SDS is increasing its strategic investments in the digital asset and physical AI fields. In May, together with Samsung Securities and Samsung Card, the company acquired a 4% stake in Dunamu, Korea's largest digital asset exchange. In June, through Samsung Venture Investment, it made a strategic investment in Walden Robotics, a U.S.-based full-stack physical AI company.

Investments in AI infrastructure also continue. Samsung SDS plans to expand its existing 110-megawatt (MW) AI infrastructure to 230 MW by 2029, and further expand its AI infrastructure operations, including design, build, and operation (DBO), to over 800 MW by 2031.

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