Luxembourg’s Deputy Prime Minister, Minister of Foreign Affairs and Foreign Trade, Xavier Bettel, along with Minister of Digitisation, Minister of Research and Higher Education, Stéphanie Obertin, are on a working visit to the Republic of Korea emphasising economy and research collaboration.

Official inauguration of Luxembourg’s resident embassy in Seoul

Official inauguration of the Luxembourg embassy in SeoulThe visit included the official inauguration of Luxembourg’s resident embassy in Seoul, attended by both ministers. Minister Bettel welcomed this opening as a step towards strengthening political, economic, cultural and research relations between the two countries. He also appreciated the Korean government’s decision to establish a resident embassy in Luxembourg.

These positive developments reflect the close relationship between Luxembourg and South Korea, both G20 members sharing democratic values.

Seoul Business Forum

In conjunction with the embassy opening, the Seoul Business Forum brought together thought leaders, entrepreneurs and government representatives from both nations to explore new collaboration opportunities. The forum showcased Luxembourg as launch pad to Europe for the Korean ICT and space ecosystems, with a particular emphasis on cybersecurity and the data economy.

Promoting research and innovation cooperation

Enhancing bilateral relations in research and innovation was an important objective of the working visit. The Luxembourg Institute of Health (LIH) signed memorandums of understanding with the City of Goyang and the National Cancer Centre (NCC) to establish research cooperation in precision and data-driven medicine, particularly for cancer patients care. Minister Obertin also visited the Samsung Medical Centre (SMC) and its Institute for Research into the Medicine of the Future as well as the Korea Institute of Civil Engineering and Building Technology.

Photo credits: ©MAE


Read more

Support, scaling, funding: Luxembourg’s startup strategy


Three experienced entrepreneurs and Luxinnovation’s CEO discuss the strengths of Luxembourg’s startup support ecosystem and the areas that need further efforts.
Read more

Luxinnovation and South Korean KAIST GCC to cooperate


Luxinnovation signed a Memorandum of Understanding with the Global Commercialization Center of Korea Advanced Institute of Science and Technology (KAIST GCC) on 28 November 2022. The main objective is to facilitate business and investment opportunities for South Korean companies in Luxembourg.
Read more

University of Luxembourg launches Finnovation Hub


The Finnovation hub will develop groundbreaking technologies needed for Luxembourg’s financial institutions to succeed with their digital transformation.
Read more

Luxembourg and Korea to establish Smart Green Business Centre


On 8 December 2020, South Korean Minister of SMEs and Start-ups Young-sun Park and Luxembourg Minister of the Economy Franz Fayot signed a Memorandum of Understanding covering the establishment of a Smart Green Business Centre in Luxembourg. The aim is to facilitate green and digital collaborative projects between SMEs and start-ups in the two countries.
Read more

Luxembourg 3rd in World Talent Ranking


Luxembourg comes out 3rd in the 2020 World Talent Ranking, which is an improvement with two places compared to the previous year. The country notably stands out for its ability to attract and retain talent and the availability of foreign highly-skilled personnel.
Read more

Resources all news