Samsung SDS edged up 0.71%, closing at ₩198,700 despite surrendering most morning gains. The stock’s muted finish came even as the company posted solid quarterly results and unveiled new plans with Dunamu, South Korea’s largest crypto exchange operator. The partnership aims to build stablecoin infrastructure and explore AI-driven payment solutions, blending blockchain with Samsung SDS’s cloud and security expertise.
Earlier this year, Samsung SDS secured a 1% stake in Dunamu, joining Samsung Securities and Samsung Card in a combined 4% holding acquired for 612.8 billion won. This move marks Samsung SDS’s strategic push into the digital asset space, intending to transform this investment into practical platforms for payment and enterprise services.
Cloud revenue fuels broader growth
In the second quarter, Samsung SDS posted revenue of 3.7178 trillion won, a 5.9% increase year-on-year. Operating profit rose slightly by 0.7% to 231.8 billion won. cloud services drove much of this momentum with a 17% revenue boost, reaching 779.4 billion won. External cloud demand surged 75%, particularly from public agencies and corporate clients expanding their digital infrastructure.
Higher demand for Samsung Cloud Platform and GPU services helped cloud provider revenue jump 24%. Cloud management service income also grew by 17% amid ongoing digital transformations in sectors like finance. This aligns with Samsung SDS’s plan to expand AI infrastructure capacity beyond 800 megawatts by 2031, underscoring its commitment to scalable, tech-forward solutions.
The Dunamu partnership adds a fresh layer to Samsung SDS’s growth narrative, complementing the company’s broader digital ambitions. With blockchain payments and virtual asset integration on the table, this collaboration could reshape how tech giants embed crypto infrastructure into enterprise ecosystems.
This content is for informational purposes and is not financial advice.
