Cybersecurity corporations Genians declared its entry into the quantum security market.
Genians said on the 26th that, in anticipation of the coming Quantum Computing era, it will develop next-generation foundational quantum security technology and reemerge as a leading player in the post-quantum (quantum-resistant) era.
A Genians official said, "As part of our Zero Trust 3.0 strategy, development of the core technology for the 'quantum security gateway,' which fundamentally blocks hacking threats in the Quantum Computing era, has entered the final verification stage," and added, "We will secure independent quantum security capabilities that can compete with global leading corporations and establish strong dominance in the quantum security market, which is set for explosive growth."
Quantum computers have the powerful performance to solve in just a few seconds cryptographic decoding that would take existing supercomputers hundreds of years. This means the encryption algorithms currently used in financial, defense, and administrative systems worldwide could be neutralized. According to market research firm Technavio, the global Quantum-resistant Encryption (PQC) market has recorded steep growth of more than 43.4% annually since last year and is projected to reach $342 million (about 4.7 trillion won) by 2030.
Genians' "quantum security gateway" under development is characterized by the introduction of a proprietary quantum encryption system. The company explained that it implemented a complete composite security architecture by applying the latest post-quantum cryptography (PQC) technology on top of the existing zero trust network access (ZTNA) solution framework and embedding a high-performance key management system (KMS) that safely controls the entire life cycle of encryption keys.
Genians aims to lay the groundwork to expand its business into next-generation industries where quantum security is essential, such as Autonomous Driving, AI, and cloud.
Chief Executive Lee Dong-beom of Genians said, "We will secure the technological capability to perfectly protect customers' assets from Quantum Computing threats, contribute to national cyber defense, and expand the scope of that core asset to the global market to further solidify the stature of K-security."