From 15/07/2019 to 18/07/2019

Seoul (South Korea)

An economic mission to South Korea will be led by Deputy Prime Minister and Minister of the Economy, Etienne Schneider from 15 – 18 July, in association with the Luxembourg Chamber of Commerce and some of Luxembourg’s leading companies.

Programme

During the mission, interested companies, start-ups and individuals are cordially invited to participate in the following events in Seoul:

Luxembourg: an ideal launchpad for targeting the EU market

Luxembourg is an ideal location from which Korean companies – start-ups as well as established firms – can launch or expand their business on the European market. Its many advantages include, for example:

  • Excellent geographical location in close proximity to several of the EU’s leading consumer markets (notably Germany and France). 60% of the EU’s GDP can be reached by a one-hour flight.
  • Highly skilled, multi-cultural and multi-lingual workforce, making it easy to work with customers and conduct business in different European countries.
  • Business friendly environment with an attractive legal framework, and easy access to open-minded politicians, public authorities and administrations.
  • Stable and reliable: world-leading GDP performance, most open economy in Europe, economic growth with an average of >4% over the last 5 years, increase in employment of over 50% in the last 15 years, reliable legal and regulatory system
  • Outstanding digital capacities: ultra-low latency connection, state-of-the-art data centres, large investments in high performance computing, big data applications and artificial intelligence, centre of excellence in cybersecurity
  • Attractive R&D and innovation incentives and favourable intellectual property rights regime
  • Strong focus on developing key business sectors (digital economy, cybersecurity, space, smart mobility, clean technologies, logistics)

Luxembourg is also a great place to relocate international staff or recruit top talent. As one of the safest countries in the world, it offers an excellent quality of life and world-class health and education. Luxembourg has been ranked as the best place for expats to build an international career.

Discover more about bi-laterial relations between our two countries by reading our flyer. You can also consult the Luxembourg government’s Data-Driven Innovation Strategy for the Development of a Trusted and Sustainable Economy in Luxembourg. Watch our video about what Koreans living and working in Luxembourg have to say.

Build your links with Luxembourg

If you have any questions, our local team in the Luxembourg Trade and Invest Office in Seoul will be very happy to help.
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