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AI & Enterprise
SKT develops chip-based quantum cryptography technology in joint EU research
SK Telecom said on Monday it will develop next-generation quantum cryptography technology through the European Union\'s Horizon Europe research programme. The three-year multinational project involves partners in three European countries and aims to implement and demonstrate a QPIC-AI-based quantum key distribution system to strengthen communications security. SKT will develop the PIC-based QKD system, apply AI functions and build and verify a testbed, while ETRI will develop optical chips for transmitters and receivers.
Crypto
Euro stablecoin project Kibalis adds 25 banks ahead of launch
European banking consortium Kibalis has secured 25 additional banks across 15 countries, raising participating institutions to 37. It plans to launch a regulated euro stablecoin aligned with the European Union crypto regulatory framework MiCA in the second half of 2026, Cointelegraph reported. New members include ABN AMRO, Rabobank, Nordea and Intesa Sanpaolo. Spain had the most additions with five banks, while several other countries added two each.
Industry
Yeocheon NCC raises naphtha cracker utilisation to 65 percent
Yeocheon NCC has raised the operating rate of its naphtha cracking plant to 65 percent from 60 percent, the company said on Sunday. It cited improved conditions for stabilising supply and demand, after the government introduced a subsidy policy to support naphtha purchases and a financial support system was also put in place. The company’s utilisation fell to 55 percent last month amid higher feedstock prices and supply uncertainty linked to a prolonged Middle East situation.
