[Market Feature] ICTK Soars 10% on Outlook for Quantum Cryptography Security Chip Presence

ICTK is showing strong performance in early trading.

As of 9:06 a.m. on October 30, ICTK was trading at 19,800 won, up 10.12% (1,820 won) from the previous day.

Investor sentiment appears to have been boosted by analysis from the securities industry suggesting that the company could emerge as a leading cryptocurrency stock in the future.

Kim Hongsik, a researcher at Hana Securities, stated, "ICTK has signed a 14 billion won security chip development contract with global quantum cryptography company BTQ Technologies, marking the beginning of significant sales growth. Considering that ICTK can use BTQ as a reference to expand its supply to various global big tech companies, I recommend purchasing shares before the company's full-scale earnings are realized."

ICTK is expected to supply security chips equipped with quantum cryptography technology to BTQ, a global quantum cryptography firm. With the growing importance of stablecoins and the increasing amount of damage caused by cryptocurrency hacking, the significance of ICTK's cold wallet security chips, including those for high-performance devices, is also coming into focus.

Researcher Kim added, "In Korea, ICTK will supply security chips through its existing telecommunications sales network, while in the global market, it is expected to leverage BTQ's distribution channels. Based on its close partnership with BTQ, ICTK is anticipated to secure a leading position across the cryptocurrency and blockchain payment markets, establishing a variety of revenue models."