Today, on October 4, 2023, Prime Minister and Minister for Communications and Media, Xavier Bettel, and Minister of Economy, Franz Fayot, had a meeting with Young Sang Ryu, President and CEO of SK Telecom (SKT). At this occasion, Luxembourg and SKT signed a memorandum of understanding for cooperation in the quantum technologies field.
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(f. l. to r.) Min Yong Ha, Chief Development Officer of SKT ; Young Sang Ryu, President and CEO of SKT ; Xavier Bettel, Prime minister and minister for Communications and Media ; Franz Fayot, minister of the Economy
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(f. l. to r.) Min Yong Ha, Chief Development Officer of SKT; Young Sang Ryu, President and CEO of SKT ; Xavier Bettel, Prime minister and minister for Communications and Media ; Franz Fayot, minister of the Economy
This memorandum of understanding is being signed after a prior memorandum of understanding signed on July 26, 2023 in Seoul between the Minister of Science and ICT of the Republic of Korea and the Minister for Communications and Media of the Grand Duchy of Luxembourg.
On the basis of this memorandum of understanding, SKT considers to establish an entity in Luxembourg, in view of developing mutually beneficial opportunities for the Luxembourg quantum ecosystem. This signature will clearly contribute to the knowledge sharing in the field of quantum technologies, especially when it comes to standardization process and development of the quantum ecosystem. "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 centers, this memorandum of understanding is a significant step in our endeavor to develop better technologies, infrastructures and services in the quantum field", stated Xavier Bettel.
Minister of the Economy, Franz Fayot, underlined: "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 global leader of quantum technologies, based in South Korea, aiming to build the first nation-wide governmental quantum-safe network in South Korea.
Released by the Department of Media, Connectivity and Digital Policy and the Ministry of the Economy