trending Market Intelligence /marketintelligence/en/news-insights/trending/xzhhvlwwdu0omlpkq9bq0q2 content esgSubNav
In This List

SK Telecom backs cryptography services provider

Blog

Investment Banking Essentials: April 17

blog

Are transshipment hubs facilitating the movement of Western-made components to Russia

Blog

Points Of No Return: Loyalty Ventures Inc.’s Financial Tailspin

Podcast

MediaTalk | Season 2
Ep.8 The Masters Returns


SK Telecom backs cryptography services provider

SK Telecom Co. Ltd. will back ID Quantique SA, a Switzerland-based cryptography services provider, with an investment of 70 billion South Korean won.

Also, ID Quantique and the South Korean mobile operator, in parallel, will team up to expand the company's core quantum photonics technologies and provide services for high potential industrial markets, according to a Feb. 26 news release.

The company has previously invested 2.5 billion won and co-developed the Quantum Random Number Generator chip with the Swiss company.

As of Feb. 23, US$1 was equivalent to 1,077.56 South Korean won.