On the 5th in the morning, the stock of ICTK, a security technology development corporations, is up more than 2%. Buying appears to be pouring in on a securities firm assessment that the recent Upbit hacking incident is highlighting the importance of quantum cryptography technology.
As of 10:26 a.m. on the day, ICTK is trading on the KOSDAQ market at 15,160 won, up 280 won (1.88%) from the previous trading day.
Kim Hong-sik, a researcher at Hana Securities, said, "If the second-phase virtual asset legislation passes, ICTK's results will grow sharply," adding, "This is because, based on technological competitiveness and references, ICTK is highly likely to be designated as a security standard."
Regarding the earlier Upbit hacking incident, the Financial Supervisory Service (FSS) noted that it "plans to strengthen security regulations in the upcoming second-phase virtual asset legislation."