Norma and IQM Quantum Computers sign MoU, paving the way for the introduction of quantum computers in South Korea

Norma, a quantum security specialist company, has signed a Memorandum of Understanding (MoU) with IQM Quantum Computers, a leading European quantum computer manufacturer, to introduce and expand quantum computers in South Korea. The collaboration will include the development of applications using quantum algorithms and the implementation of quantum education programs. The MoU is part of both companies’ commitment to boost South Korea’s growing quantum computing sector. Norma’s CEO, Mr. Jung Hyunchul, highlighted the importance of expanding quantum computing usage to accelerate quantum technology development and commercialization. IQM has actively engaged with policymakers, academia, quantum technology experts, and companies in the Asia-Pacific region and has participated in several quantum initiatives in South Korea.

“Norma, through active collaboration with global quantum companies, aims to advance domestic quantum technology, and with this MoU, they expect to take a significant step forward in the field of quantum applications.”

Norma

The collaboration will focus on quantum computer deployment, application development, and education. Norma’s CEO, Mr Jung Hyunchul, highlighted the importance of increasing quantum computing usage to accelerate technology development and commercialisation. IQM’s CEO, Dr. Jan Goetz, expressed delight at the partnership, aiming to help South Korea become a global quantum technology powerhouse by 2035. The partnership follows Norma’s collaboration with Finland’s VTT Technical Research Centre in May 2023.

Quantum Computing Collaboration in South Korea

The quantum security company Norma has signed a Memorandum of Understanding (MoU) with IQM Quantum Computers, a company that builds quantum computers in Europe. The aim of this collaboration is to introduce and expand the use of quantum computers in South Korea. Both companies have agreed to work together in various areas, including the development of applications using quantum algorithms and the implementation of quantum education programmes.

This MoU highlights the shared commitment of both companies to work with other players in the ecosystem to enhance South Korea’s growing quantum computing sector. Norma aims to advance domestic quantum technology through active collaboration with global quantum companies. With this MoU, they expect to make significant progress in the field of quantum applications.

Norma has also strengthened partnerships with European quantum computing companies and institutions, following their partnership with the VTT Technical Research Centre of Finland in May 2023. They anticipate enhanced synergies and effects from these collaborations.

Quantum Computing Education and Commercialisation

Norma’s CEO, Mr Jung Hyunchul, stressed the importance of expanding quantum computing usage to accelerate quantum technology development and commercialisation. He stated that they plan to increase opportunities for people to experience quantum computing through projects such as quantum education programmes and application projects in collaboration with IQM.

IQM has been actively engaging and sharing its technological development updates with policymakers, academia, quantum technology experts, and companies in the Asia-Pacific (APAC) region. In South Korea, IQM has been participating in several quantum initiatives, such as Quantum Korea 2023, where the company exhibited its quantum technology achievements and capabilities.

South Korea’s Quantum Computing Ecosystem

The CEO and Co-founder of IQM Quantum Computers, Dr. Jan Goetz, expressed delight at partnering with Norma to promote the growth of the South Korean quantum computing ecosystem. He stated that they are honoured to take part in developing quantum science and technology professionals and preparing South Korea’s quantum industry infrastructure. They hope to contribute to the country’s strategic goal of becoming a global quantum technology powerhouse by 2035.

The MoU with Norma aligns perfectly with IQM’s mission and strategy for the APAC region, and it represents a significant milestone for the South Korean quantum computing market. In this collaborative effort, they reinforce their commitment to advance quantum technology in South Korea.

“We are delighted to be partnering with Norma to promote the growth of the South Korean quantum computing ecosystem, and we are honoured to take part in developing quantum science and technology professionals and preparing South Korea’s quantum industry infrastructure while hoping to contribute to the country’s strategic goal of becoming a global quantum technology powerhouse by 2035,”

Dr. Jan Goetz, CEO and Co-founder of IQM Quantum Computers

IQM Quantum Computers is a company that builds quantum computers in Europe. They provide on-premises quantum computers for supercomputing centres and research labs and offer full access to their hardware. For industrial customers, IQM delivers quantum advantage through a unique application-specific, co-design approach. IQM’s commercial quantum computers include Finland’s first commercial 54-qubit quantum computer with VTT, IQM-led consortium’s (Q-Exa) HPC quantum accelerator in Germany, and IQM processors will also be used in the first quantum accelerator in Spain.

The quantum security company Norma has been offering network and IoT security solutions since its establishment in 2011. They introduced enterprise wireless network vulnerability assessment solution ‘AtEar v3.0’ and AI-based IoT integrated security management solution ‘IoT Care 2.0,’ among others. Their technological expertise has been validated through reputable references from organisations such as the Ministry of National Defense, Korea Hydro & Nuclear Power, and the National Police Agency, with a focus on both corporate and public sectors. Recently, they have incorporated Post-Quantum Cryptography (PQC) technology into their existing security offerings, providing PQC-based IoT security, automotive security, and smart home security solutions.

“We will increase opportunities for people to experience quantum computing through projects such as quantum education programs and application projects in collaboration with IQM.” – Mr. Jung Hyunchul, CEO of Norma

“This MoU with Norma is aligned perfectly with our mission and strategy for the APAC region, and it represents a significant milestone for the South Korean quantum computing market. In this collaborative effort, we reinforce our commitment to advance quantum technology in South Korea, and we look forward to this journey of shared growth,”

Dr. Wolfgang Hackenberg, the Chief Business Officer at IQM Quantum Computers.

Quick Summary

Norma, a quantum security specialist, has partnered with IQM Quantum Computers to introduce and expand quantum computers in South Korea, with plans to develop applications using quantum algorithms and implement quantum education programmes. This collaboration aims to boost South Korea’s quantum computing sector and accelerate the development and commercialisation of quantum technology.

  • Quantum security company Norma has signed a Memorandum of Understanding (MoU) with IQM Quantum Computers, a leading European quantum computer manufacturer, to expand the use of quantum computers in South Korea.
  • The collaboration will focus on the deployment and expansion of quantum computers, the development of applications using quantum algorithms, and the implementation of quantum education programmes.
  • Norma’s CEO, Mr. Jung Hyunchul, highlighted the importance of increasing quantum computing usage to speed up the development and commercialisation of quantum technology.
  • IQM has been actively involved in several quantum initiatives in South Korea, including Quantum Korea 2023, and is committed to advancing quantum technology in the country.
  • The partnership is part of South Korea’s strategic goal to become a global quantum technology powerhouse by 2035.
  • Norma has also strengthened partnerships with European quantum computing companies and institutions, including Finland’s VTT Technical Research Centre.
  • Dr. Jan Goetz, CEO and Co-founder of IQM Quantum Computers, and Dr. Wolfgang Hackenberg, the Chief Business Officer at IQM Quantum Computers, expressed their delight at partnering with Norma and their commitment to shared growth in the South Korean quantum computing market.

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The Quant

The Quant

The Quant possesses over two decades of experience in start-up ventures and financial arenas, brings a unique and insightful perspective to the quantum computing sector. This extensive background combines the agility and innovation typical of start-up environments with the rigor and analytical depth required in finance. Such a blend of skills is particularly valuable in understanding and navigating the complex, rapidly evolving landscape of quantum computing and quantum technology marketplaces. The quantum technology marketplace is burgeoning, with immense growth potential. This expansion is not just limited to the technology itself but extends to a wide array of applications in different industries, including finance, healthcare, logistics, and more.

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