Strategic investments from LG Electronics and Dunamu & Partners, combined with Seoul City and Korean government FDI support, fuel a $52M commitment to accelerate quantum innovation and job creation in Seoul.
Paris / Seoul, France October 29, 2025 – Pasqal, Europe’s leading neutral atom quantum computing company, today announces a major strategic expansion in Korea, marked by a series of transformative partnerships and support from Seoul Metropolitan Government and the Korean government according to the Foreign Investment Promotion (“FIP”) Act.
This initiative, led and financed by Pasqal, and backed by LG Electronics, Dunamu & Partners, the Korean Ministry of Trade, Industry and Energy, and Seoul Metropolitan Government, represents the company’s long-term commitment to Korea. It positions Pasqal as the anchor of Asia Pacific’s rapidly growing quantum ecosystem.
At the heart of this expansion are strategic investments from LG Electronics, the global leader in appliances and consumer electronics, and Dunamu & Partners, the investment arm of Dunamu which operates South Korea’s leading digital asset exchange Upbit. These partnerships underscore the growing interest of global technology and finance leaders in Pasqal’s neutral atom quantum computing technology.
“By partnering with LG Electronics, Dunamu & Partners, and Seoul Metropolitan Government, we are creating a unique ecosystem that will accelerate the adoption of quantum computing across Asia Pacific,” said Loïc Henriet, CEO of Pasqal.
“We are very pleased to partner with Pasqal, who is poised to play a leading role in setting new global standards for quantum technology and unlock possibilities beyond the limits of classical computing. We are also confident that Pasqal’s partnerships and research initiatives based in South Korea will contribute meaningfully to the development and growth of the country’s quantum computing ecosystem,” said Kangjoon Lee, CEO & Managing Director of Dunamu & Partners.
Complementing these private investments, the Korean government will support Pasqal’s investment decision as part of the nation’s new growth engine industries according to the FIP Act. Demonstrating its long-term commitment, Pasqal will invest $52 million in Korea, creating more than 50 highly skilled jobs, bringing its industry-leading neutral atom Quantum Processing Unit (QPU) to the country, to advance research and development of quantum algorithms and industry-ready applications.
Ambassador of France Philippe Bertoux, said, “The Embassy of France in Korea welcomes the new agreement between Pasqal and the city of Seoul. This new partnership exemplifies the dynamic cooperation between France and Korea in the field of advanced technologies, two countries accelerating innovation and jointly shaping the infrastructures of the future.”
Mayor Oh Se-hoon of Seoul said, “Seoul is proactively responding to the future technological environment that will be driven by quantum computing by taking full-fledged steps to establish the ‘Seoul Quantum Ecosystem’. Seoul is a city where outstanding talents and companies are concentrated to support Pasqal’s innovation, and this agreement will once again serve as an opportunity to reaffirm Seoul’s technological competitiveness.” The Mayor added, “Building on this momentum, the Seoul Metropolitan Government will spare no administrative and financial support for every stage of business operations, including research and development, talent development, and network building among relevant institutions.”
“This expansion into Korea creates multiple value drivers for Pasqal, opening the door to collaborations with world-class corporate and academic partners. Most importantly, it strategically positions Pasqal as a first mover in the rapidly growing Asia Pacific quantum market,” said Wasiq Bokhari, Chairman of the Board at Pasqal.
This Korean expansion is a cornerstone of Pasqal’s global strategy to build a worldwide network of local R&D hubs and industry collaborations. With active projects now spanning Europe, North America, Middle East, and Asia Pacific, Pasqal continues to lead the charge in translating quantum breakthroughs into real-world solutions for industries ranging from electronics, finance, and energy, to healthcare and logistics.
About Pasqal
Pasqal is a leading Quantum Computing company that builds quantum processors from ordered neutral atoms in 2D and 3D arrays to bring a practical quantum advantage to its customers and address real-world problems. Pasqal was founded in 2019, out of the Institut d’Optique, by Georges-Olivier Reymond, Christophe Jurczak, Professor Dr. Alain Aspect, Nobel Prize Laureate Physics, 2022, Dr. Antoine Browaeys, and Dr. Thierry Lahaye. Pasqal has secured more than €140 million in financing to date. To learn more about us, visit www.pasqal.com.
