Luxembourg to Participate in Korea Space Forum during Economic Mission to Seoul

Luxembourg will be represented at the Korea Space Forum 2019 during an economic mission to the Republic of Korea this week.

Luxembourg's Deputy Prime Minister and Minister of the Economy, Étienne Schneider, will lead an economic mission to Seoul from 15 to 18 July 2019. Accompanying him will be a business delegation made up of representatives from nearly 40 Luxembourg companies seeking partnerships with Korean actors and wishing to expand their activities abroad.

The mission also aims to strengthen the political and economic relations between the two countries as well as to promote the Grand Duchy as an ideal location for Korean companies and start-ups that bring added value to Luxembourg’s economy. It will focus in particular on digital, technological innovation, cybersecurity and on the space sector. Indeed, the Luxembourg Chamber of Commerce and the Ministry of the Economy will organise, in collaboration with local partners, a number of economic and theme-focused seminars. Economy Minister Étienne Schneider will also appear as a keynote speaker at the opening of the "Korea Space Forum" 2019. 

During the mission, Étienne Schneider will also have several political meetings with members of the South Korean Government, as well as meetinh business people in Seoul.

Since 1962, Luxembourg and South Korea have maintained diplomatic relations. The Ministry of the Economy has a Luxembourg Trade and Investment Office (LTIO) in Seoul as a relay for the economic promotion strategy in South Korea in particular and in the North-East Asia region in general. Moreover, several Korean companies are based in Luxembourg including SamHwa Steel, Doosan and Hyosung.