Economic Mission to South Korea

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.