Samsung SDS Co., Ltd. (018260.KS), the IT services and cloud computing arm of Samsung Group, saw shares advance 0.71% to close at ₩198,700, giving back most of the session's early gains. The stock settled near its intraday low despite the company reporting stronger quarterly revenue and expanding cloud demand. A newly announced stablecoin infrastructure partnership with Dunamu added a digital asset catalyst to Samsung SDS's broader technology growth strategy, linking the company to South Korea's rapidly evolving virtual asset regulatory landscape.

Stablecoin Infrastructure Partnership with Dunamu

Samsung SDS plans to develop stablecoin infrastructure in cooperation with Dunamu, the operator of Upbit, South Korea's largest cryptocurrency exchange. Upbit commands the dominant share of Korea's retail crypto trading market, making the partnership a direct bridge between Samsung's enterprise technology capabilities and the country's most widely used digital asset platform. The two companies are also evaluating next-generation payment systems and financial integration services for virtual assets. Samsung SDS expects the collaboration to combine blockchain operations with its existing cloud, security, data, and enterprise technology offerings.

The company characterized its stake in Dunamu as a strategic move into the digital asset infrastructure market. Samsung SDS acquired a 1% interest as part of a broader Samsung affiliate investment completed in May. Samsung Securities purchased 2%, and Samsung Card acquired an additional 1% of Dunamu.

The three Samsung companies paid a combined 612.8 billion won for a total 4% stake, acquiring 1.39 million shares from Kakao-related entities. The coordinated investment across three affiliates signaled a conglomerate-level push into the digital asset sector. Samsung SDS now intends to translate that investment into concrete payment, security, and infrastructure products.

The initiative comes as South Korea continues to develop its digital asset regulatory framework, with legislation aimed at institutionalizing crypto trading and investor protections reshaping the operating environment for exchanges, financial institutions, and technology providers alike.

Cloud Growth Drives Second-Quarter Results

Samsung SDS reported second-quarter revenue of 3.7178 trillion won, up 5.9% year over year. Operating profit edged 0.7% higher to 231.8 billion won, while net profit climbed 4.6% to 184.1 billion won.

IT services revenue reached 1.7625 trillion won, representing 5% annual growth. Cloud revenue led the segment's expansion, rising 17% to 779.4 billion won. External cloud revenue surged 75% as public agencies and corporate clients increased demand.

Cloud service provider revenue grew 24%, driven by higher Samsung Cloud Platform usage and broader GPU service deployments. The accelerating GPU demand reflects a broader enterprise shift across Asia toward AI-ready computing infrastructure. Cloud management service revenue also rose 17% during the quarter. Financial sector transformation projects and shipbuilding ERP contracts further supported the segment's performance.

Infrastructure Expansion and AI Initiatives

Samsung SDS continues to scale its computing capacity for artificial intelligence and digital financial services. The company currently operates approximately 110 megawatts of related infrastructure and intends to raise that to 230 megawatts by 2029. Total capacity is expected to exceed 800 megawatts by 2031, encompassing both design and operating projects.

The company joined a government program supporting GPU acquisition, construction, and operations. It recently launched an NPU service powered by FuriosaAI's Renegade processor. Samsung SDS has secured artificial intelligence projects with Woori Bank and the Export-Import Bank of Korea, and maintains technology partnerships with OpenAI, Anthropic, and Google Cloud.

These combined capabilities are expected to underpin the company's development of stablecoin systems, payment networks, and virtual asset infrastructure.