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Economy
Luxembourg has an open, internationally connected economy at the heart of Europe. As a founding member of both the European Union and the eurozone, it offers direct access to more than 450 million consumers within the European Single Market. The country combines strong political and economic stability, reflected in its enduring AAA credit rating, with a forward‑looking business environment that actively encourages innovation and entrepreneurship.
Companies established in Luxembourg benefit from a highly skilled, multilingual workforce, as well as targeted support for research and development and sustainable technologies. Its diversified economy spans key sectors such as financial services, clean and advanced manufacturing, logistics, digital technologies, health technologies, and the space and satellite industries, positioning Luxembourg as a dynamic launchpad for business in Europe.
Supported by sustained investment in state‑of‑the‑art digital infrastructure and emerging technologies, Luxembourg offers a future‑ready ecosystem for companies seeking to advance in data‑driven innovation, artificial intelligence (AI), and quantum technologies.
Luxembourg is also one of the world’s leading international financial centres, attracting global banks, investment funds, insurance companies, and capital‑markets players. It is the second‑largest investment‑fund hub worldwide and the largest within the European Union. The financial sector provides international companies and investors with a stable, well‑regulated environment for accessing both European and global markets.
Luxembourg is a major European hub for business and innovation. Take advantage of our globally connected economy, our strong support for businesses, and our multinational workforce to expand your operations in European and global markets.
The Luxembourg financial centre offers a wide range of financial services that connect investors with markets around the world. Its stability and innovative spirit make it a leading European hub for international financial institutions.
As a professional chamber representing businesses across all economic sectors—with the exception of crafts and agriculture—the Chamber of Commerce sees its purpose and role as defending the interests of businesses and the economy.
Luxembourg offers an attractive overall framework for activities related to the use of space resources, having established an appropriate legal and regulatory framework to provide private companies and investors with a secure legal environment. In addition, the European Space Resources Innovation Centre (ESRIC), the world’s first innovation centre entirely dedicated to space resources is based in Luxembourg.
Luxinnovation is Luxembourg’s national innovation agency. It empowers companies to innovate today so they are ready for tomorrow. Luxinnovation also contributes to the development of the economy as a whole by identifying innovation opportunities and fostering collaborative innovation projects that drive the development of a sustainable, competitive, and digital economy.
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Embassy in Seoul
The Embassy of Luxembourg in Seoul represents the economic interests of the Grand Duchy of Luxembourg in the Republic of Korea, notably through the Luxembourg Trade and Investment Office in Seoul (LTIO), which is part of the Embassy.
The Embassy, with its LTIO, is a key contact point for Korean entrepreneurs, companies and investors looking to expand their activities on the Luxembourg and European markets and can inform them of the numerous opportunities that Luxembourg can offer as a major gateway to the European market, as a leading financial and innovation hub, and as an ideal testbed for European market entry.
Luxembourg is a financial powerhouse and the second largest investment fund center in the world with a diversified economy offering opportunities to Korean companies in ICT, data economy, AI, quantum technologies, space, automotive, health technologies, financial technologies, smart mobility, clean technologies and many more economic sectors.
The Embassy also provides support to Luxembourg companies looking to enter the Korean market or to expand their presence.
Whether you are a Korean company, investor, or entrepreneur looking to expand your activities abroad or whether you are a Luxembourg company interested in the Korean market, the Embassy is at your disposal. You can contact us at seoul.amb@mae.etat.lu or seoul.ltio@mae.etat.lu.
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