Finance

Samsung Securities signs MOU with Apollo Global Management

Samsung Securities said on Feb. 3 it signed a strategic memorandum of understanding on Feb. 2 with global alternative asset manager Apollo Global Management to cooperate on supplying global alternative investment products. It plans to use Apollo’s global investment capabilities and risk management know-how to meet investor demand for stable returns amid low growth. The company aims to diversify alternative investment portfolios and offer tailored solutions to both retail and institutional clients.

Telecommunications & Media

KT develops fastest domestic quantum key distribution device, generates 300,000 keys per second

KT said on Monday it developed an in-house quantum key distribution device that can generate 300,000 encryption keys per second. It said the equipment can prevent eavesdropping attempts on physical lines because encryption keys cannot be copied due to quantum mechanical properties. KT said it more than doubled the key generation rate in 18 months, and carried out technical verification with domestic development and certification bodies.