On 11 December 2020, Franz Fayot, Minister of the Economy, visited Goodyear's new tire facility in Dudelange to see the progress of the tire company's $77 million investment in Luxembourg. Franz Fayot was shown the innovative production process in this highly automated facility before the plant's official opening planned in spring 2021.
Promoting sustainable growth and mitigating climate change are major priorities in both Korea and Luxembourg. Cleantech is one of the priority sectors of Luxembourg's data-driven innovation strategy, and the Korean government is actively supporting companies in the fields of smart mobility and green technologies. The Smart Green Business Centre (SGBC) to be set up in Luxembourg by ASEIC, a Korean eco-innovation centre under the country's Ministry of SMEs and Startups, is therefore a natural connection between the two countries.