Quantum computing specialist ORIENTOM (CEO Seung-hyun Bang) announced on the 4th that it will collaborate with Yonsei University to conduct joint research on applying quantum computing to solve financial problems and advance its industrial applications.
As part of this industry-academia collaboration, both parties presented strategies to enhance the practical applicability of quantum finance technology at the conference of the Quantum Information Society of Korea. Quantum computing is a next-generation technology expected to offer unparalleled computational speed and efficiency compared to classical computing. However, adapting theoretical models to real-world conditions remains a critical challenge in the current noisy intermediate-scale quantum (NISQ) computing environment.
At the recent conference of the Quantum Information Society of Korea held in Busan, the research team presented a paper analyzing the potential and limitations of quantum financial algorithms. Researcher Yun-bin Cho (Yonsei University student and ORIENTOM intern) introduced the results of the study on Black-Scholes model-based financial asset simulations, comparing classical Monte Carlo (CMC) and quantum Monte Carlo (QMC) methods. The study demonstrated improved sampling efficiency by incorporating quantum amplification.
Additionally, researcher Jeong-hwan Kim (Yonsei University student and ORIENTOM intern) and his team presented quantum algorithms for finance and their applicability in the NISQ. Their presentation covered quantum approaches for risk assessment, derivative pricing, portfolio optimization, and financial market modeling. They emphasized balancing speed improvements with algorithmic efficiency in NISQ environments, highlighting the need to tailor theoretical models to real-world hardware constraints.
Building on these research outcomes, ORIENTOM and Yonsei University plan to pursue further studies aimed at enhancing the industrial viability of quantum financial technology. Key focus areas include quantum-based risk assessment models, optimized derivative pricing, and quantum machine learning for portfolio optimization.
Professor Shiho Kim of Yonsei University stated, “Quantum computing technology will serve as a transformative tool for financial markets. Through this joint research, we aim to expand the practical applications of quantum finance.”
ORIENTOM CEO Seung-hyun Bang added, “The advancement of quantum computing will introduce a new paradigm in the financial industry. Through our collaboration with Yonsei University, we will explore the industrial applications of quantum financial solutions and invest in quantum talent development.” He further emphasized, “This industry-academia partnership is part of a broader effort to cultivate skilled professionals and address workforce demands in the quantum industry.”