[Featured Stock] ITCEN, Safe Asset Gold Price Hits All-Time High... Korea Gold Exchange Gains Spotlight↑

ITCEN is showing strength. This is interpreted as highlighting the fact that it holds shares in Korea Gold Exchange amid forecasts that gold prices will break record highs due to a global preference for safe assets following the bankruptcy of the U.S. Silicon Valley Bank (SVB).

As of 9:37 a.m. on the 23rd, ITCEN is trading at 4,590 won, up 2.57% from the previous day.

According to foreign media, international gold futures prices surpassed $2,000 per ounce (approximately 2.6 million won) on the 20th. This is the first time gold prices have exceeded $2,000 since Russia's invasion of Ukraine in March last year.

The recent rise in international gold prices is due to the global banking crisis. Since the SVB bankruptcy, international gold prices have increased by 10%. Following the SVB bankruptcy, the collapse of Signature Bank and liquidity crises at global investment banks such as Credit Suisse (CS) have heightened financial market anxiety, leading to increased demand for gold.

Experts expect gold prices to rise further. Craig Erlam, Chief Market Analyst at OANDA, said, "I believe there is a very high likelihood that gold prices will show strength over the next few months," adding, "We may soon see gold breaking its record highs."

Meanwhile, ITCEN is the holding company of the ITCEN Group, established in 2005. Its consolidated subsidiaries include listed companies such as Comtec System and Ssangyong Information & Communications, as well as unlisted subsidiaries like Korea Gold Exchange.

Na Seung-du, a researcher at SK Securities, analyzed, "On the 17th, news about the formation of an STO business consortium between Hana Securities and ITCEN was reported through the media. If assets that already have sufficient investor interest and market formation, such as gold and silver, are tokenized as securities, a soft landing is expected. This will lead to an increase in the value of Korea Gold Exchange (Digital Asset), which ITCEN holds."