Samsung SDS closed up 0.71% after announcing a Dunamu stablecoin partnership. Cloud revenue jumped 17% with external sales surging 75%. AI capacity roadmap targets 800MW by 2031.
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Samsung SDS closed up 0.71% at ₩198,700 after announcing a partnership with Dunamu, the operator of South Korea’s largest crypto exchange Upbit, to build stablecoin infrastructure. The stock surrendered most of its earlier gains during the session, finishing near the daily low.
The company said it will work with Dunamu on stablecoin development, payment systems, and integration frameworks for virtual-currency financial applications. Samsung SDS already holds a 1% stake in Dunamu, part of a broader 612.8 billion won investment from Samsung affiliates that gave Samsung group a combined 4% ownership. Samsung Securities took 2%, and Samsung Card another 1%. The shares were bought from Kakao-linked sellers in May.
“Our equity in Dunamu is a strategic foothold in the digital asset infrastructure sector,” Samsung SDS said. The goal is to turn that stake into concrete platforms – payment rails, security tools, and infrastructure services – that lean on the company’s existing cloud, cybersecurity, and enterprise software stack.
Second-quarter results supported the growth story. Revenue rose 5.9% to 3.7178 trillion won. Operating profit edged up 0.7% to 231.8 billion won. Net income climbed 4.6% to 184.1 billion won.
The IT services division generated 1.7625 trillion won, growing 5% year over year. Cloud services revenue jumped 17% to 779.4 billion won. External cloud sales surged 75% as government and corporate clients scaled usage. Cloud service provision revenue itself rose 24% on higher adoption of the Samsung Cloud Platform and wider GPU service distribution. Cloud management offerings added 17% revenue growth. Digital transformation contracts in finance and shipbuilding enterprise resource planning also contributed.
Samsung SDS is expanding its computational capacity for AI and digital finance. It currently operates about 110 megawatts of relevant infrastructure. The company plans to increase that to 230 megawatts by 2029 and, including design and operational initiatives, to more than 800 megawatts by 2031. It has participated in a government program supporting GPU procurement, facility construction, and operations. Recently it introduced an NPU offering based on FuriosaAI’s Renegade chip.
The company has won AI implementation contracts with Woori Bank and the Export-Import Bank of Korea. It also sustains technical collaborations with OpenAI, Anthropic, and Google Cloud. Those capabilities will underpin the stablecoin architectures, payment networks, and virtual-asset infrastructure projects now underway with Dunamu.
The Dunamu partnership places Samsung SDS at the intersection of cloud computing and digital assets. Traditional IT service providers in Asia have been slow to enter crypto infrastructure. Samsung SDS’s existing relationships with financial institutions – Woori Bank, the Export-Import Bank – give it a distribution channel for stablecoin payment products aimed at corporate treasuries and cross-border settlement.
The 17% cloud growth, led by external customers, shows the company is reducing dependence on Samsung group internal demand. That shift matters because cloud margins tend to improve as utilization scales. The AI capacity expansion, if executed on schedule, would position Samsung SDS as one of the larger private infrastructure operators in South Korea by 2031.
For the crypto sector, the deal signals that large South Korean conglomerates are moving beyond exchange investments into operational infrastructure. Samsung SDS’s involvement could accelerate regulatory acceptance of stablecoins in Korea, where the government has been drafting a legal framework for digital asset payments. The partnership also gives Dunamu, already the dominant exchange operator via Upbit, a technology ally with deep cloud and security resources.
Samsung SDS did not provide a timeline for the stablecoin launch. The company said it will continue to develop the technology alongside its cloud and AI expansion.
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