SK Square’s Swiss unit joins EU quantum satellite project

IDQ will provide a key generation system using quantum random number generator for ESA-led Eagle 1 Project

SK Square’s Swiss unit joins EU quantum satellite project
Seo-Woo Jang 1
2023-03-09 14:25:29 suwu@hankyung.com
Tech, Media & Telecom

A Swiss company owned by South Korea’s SK Square Co. has joined a European project to develop a quantum communications satellite, the company said on Wednesday.

ID Quantique SA (IDQ), which specializes in quantum cryptography communications, will provide a key generation system using a quantum random number generator (QRNG) for the Eagle 1 Project, led by the European Space Agency.

The project aims to demonstrate secure quantum communications between satellites and ground stations, as well as inter-satellite links.

ID Quantique was founded in 2001 and has been a leader in quantum cryptography technology. It launched the world’s first quantum random number generator in 2002 and the world’s first quantum key distribution service in 2006.

SK Telecom Co., South Korea’s largest wireless carrier, acquired ID Quantique in 2018 and transferred it to its investment arm SK Square in 2021.

Write to Seo-Woo Jang at suwu@hankyung.com

KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio

KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio

The female virtual model Sua developed by Onmind (Courtesy of Onmind Inc.) SK Square Co. announced on Monday that Onmind Inc., one of its portfolio companies, raised 2 billion won ($1.5 million) from KEB Hana Bank. The active portfolio management company has a number of important SK Group

SK Square chief expects significant investment gains from next year

SK Square chief expects significant investment gains from next year

Park Jung-ho, vice chairman and CEO of SK Square SK Square Co., the investment management arm of South Korea’s SK Group, is looking to reap handsome gains from its investment and divestment activities starting next year.At this year’s SK Tech Summit held in Seoul on Monday, SK Squar

SK Square makes its first exit seeking new target firms

SK Square makes its first exit seeking new target firms

SK Square CEO Park Jung-ho South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 million). SK Square, formerly the largest shareholder of NanoEntek, disposed of all the 7.6 million shares with a premium o

SK Square taps NPS PE expert as global investment head

SK Square taps NPS PE expert as global investment head

Harvey Hakjin Bae, the new head of global investment at SK Square South Korea’s investment firm SK Square Co. announced on Thursday that it has chosen Harvey Hakjin Bae, a former alternative investment expert at National Pension Service (NPS) of Korea, who served as the head of Americas P

SKT, SK Square invests $40 mn in Korea metaverse game firm

SKT, SK Square invests $40 mn in Korea metaverse game firm

Haegin's metaverse-based game Play Together (Courtesy of Haegin) South Korea’s top mobile carrier SK Telecom Co. and its spin-off SK Square Co. have together invested 50 billion won ($40 million) into a local metaverse game operator to enhance SKT’s metaverse platform and SK Square-

SK Square injects $29.5 million into agriculture startup

SK Square injects $29.5 million into agriculture startup

Greenlab's Farm Morning app provides data-driven information to farmers Korean investment firm SK Square Co. Ltd. has invested approximately 35 billion won ($29.5 million) into homegrown agriculture tech startup Greelnabs. Monday’s announcement comes a month after the SK Telecom Co

(* comment hide *}