On the morning of the 5th, shares of security technology development corporations ICTK were up more than 2%. Buying appears to be gathering on a securities firm's assessment that the recent Upbit hacking incident has highlighted the importance of quantum cryptography technology.
As of 10:26 a.m. on the 5th, ICTK was trading at 15,160 won on the KOSDAQ market, up 280 won (1.88%) from the previous session..
Kim Hong-sik, an analyst at Hana Securities, said, "If the phase-two virtual asset bill passes, ICTK's earnings will grow sharply," adding, "This is because ICTK is highly likely to be designated as the security standard based on its technological competitiveness and references."
Earlier, regarding the Upbit hacking incident, the Financial Supervisory Service (FSS) noted that it plans to strengthen security provisions in the "phase-two virtual asset legislation" scheduled ahead.