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Etienne Schneider - Arirang TV Interview

The mission was widely covered in the local press. Below are some highlights:

You can check out details of the Minister’s interview in CHosun ilbo where he cited “openness” as the secret to a stronger country. From being the financial hub, Luxembourg has also shifted its focus to space mining.

The Minister also appeared in a TV interview on Arirang’s the Chamber.

The interview focused on the economic cooperation between Korea and Luxembourg and highlighted the reason for the Minister’s visit and emphasised Luxembourg’s efforts to help start-up companies. During the mission, a memorandum of understanding was signed between the two countries to support start-up companies. The interview also mentioned Luxembourg’s initiatives in the area of space mining.

Interview in Aju Business Daily with the Executive Director of Luxembourg’s Trade and Investment Office in Seoul, Ms. Younhee Kim.

The interview focused on the role of  the Trade and Investment office and Luxembourg’s start-up ecosystem.

You can also check out our video with testimonials from Koreans living and working in Luxembourg.

Luxembourg – your ideal gateway to Europe

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.

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Luxembourg Trade & Investment Offices remain open

27-03-2020

Despite the restrictive measures put in place in a high number of countries across the world to combat the COVID-19 pandemic, all Luxembourg Trade & Investment Offices remain open to companies interested in finding out more about doing business in and with Luxembourg.
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Luxembourg launches unprecedented economic stabilisation programme

27-03-2020

In response to the economic challenges arising from the coronavirus crisis, the Luxembourg government announced on 25 March 2020 the launch of a massive stabilisation programme for the national economy. Measures for a total of €8.8 billion will help companies face the immediate shortage of cash and maintain employment.
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Fit 4 Start - Edition #10 postponed

20-03-2020

Luxinnovation and the Luxembourg Ministry of the Economy regret to announce the postponement of the spring 2020 edition of the Fit 4 Start programme.
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No graduation ceremony for Fit 4 Start, but the pitches are maintained

10-03-2020

Due to the risks linked to the spread of COVID-19, Luxinnovation has decided to cancel the Fit 4 Start Pitching & Graduation Day which should have been held on 26 March 2020 at Kinepolis in Luxembourg-Kirchberg.
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Belval: from brownfield site to City of Sciences

05-03-2020

Once at the heart of Luxembourg’s thriving steel industry, Belval has today been turned into a modern and attractive city district. During the study visit organised during the 2020 Cleantech Forum Europe, participants will discover the neighbourhood linking Luxembourg’s industrial past with the city of tomorrow.
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