(L-R) Min Yong Ha, Chief Development Officer of SKT; Young Sang Ryu, President and CEO of SKT; Xavier Bettel, Luxembourg's Prime Minister and Minister for Communications and Media; Franz Fayot, Minister of the Economy;
Credit: ME
On Wednesday 4 October 2023, Luxembourg’s Prime Minister and Minister for Communications and Media, Xavier Bettel, and the Minister of the Economy, Franz Fayot, had a meeting with Young Sang Ryu, President and CEO of SK Telecom (SKT).
On this occasion, Luxembourg and SKT signed a Memorandum of Understanding (MoU) for cooperation in the quantum technologies field.
This MoU was signed after a prior memorandum of understanding signed 26 July 2023 in Seoul between South Korea’s Minister of Science and ICT and Luxembourg’s Minister for Communications and Media.
SKT is considering the creation of a presence in Luxembourg, with the aim of fostering collaborative opportunities within the Luxembourg quantum ecosystem, as outlined in this MoU. This signing represents a significant step towards enhancing knowledge exchange within the realm of quantum technologies, with a particular focus on the standardisation process and the advancement of the quantum ecosystem, Luxembourg’s Ministry of the Economy stated.Top of Form "Thanks to the complementarity of SKT’s leadership in quantum technologies and Luxembourg’s implementation of the LuxQCI initiative and its leadership in the fields of satellites and innovative data centres, this memorandum of understanding is a significant step in our endeavour to develop better technologies, infrastructures and services in the quantum field", stated Xavier Bettel.
Minister Fayot emphasised: "South Korea and Luxembourg are strong economic partners and have much in common as pioneers of innovation and leaders in the high-tech and digital arenas. The signature of this memorandum of understanding perfectly underlines the close ties between our countries that exist for a long time, as well as the fruitful collaborations between our companies."
SKT is a South Korean wireless telecommunications operator, specialised in quantum technologies and aiming to build the first nation-wide governmental quantum-safe network in South Korea.
