Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Samsung has two-pronged interest in investing in Greece

By Ilias Bellos

Samsung Electronics Hellas may be keepin mum about its parent companyís plans, but the Greek-Korean plan is in full swing, with Samsung showing a two-pronged interest in Greece: The first concerns the companyís research and development sector, and the second its transit activity.

Contacts began some time back with a visit by Greek President Karolos Papoulias to Seoul in early December, while the research and development plans have been discussed at the highest entrepreneurial as well as political level, Kathimerini understands. Papoulias and the rest of the Greek delegation that escorted him to Seoul visited the industrial complex of Samsung Electronics.

The Korean company has also been briefed on the shape that the import of products from Asia to the European markets via Piraeus will take, as formed by a recent agreement between Chinese company Cosco (that operates part of Piraeus port), Hewlett Packard and Greek railway operator Trainose. The deal will lead to some six days less travel for products destined to central Europe as they will not have to sail through Gibraltar to reach the ports of Northern Europe.

Samsung is already present in Greece through its subsidiary Samsung Nanoradio Design Center (SNDC), which is based at the Patras InnoHub. That is also where Greek company Corallia operates, promoting research and technology and hosting such activities of third parties.

Corallia formed part of the mission to South Korea and its representatives had meetings with officials from the countryís high-tech market and with delegates of Samsung Electronics. Corallia said that the meeting included a presentation of the groupís profile and prospects with the aim of attracting foreign direct investments to the country either through the participation in the share capital of companies or in the form of creating major design centers. For his part, Oh-Hyun Kwon, CEO of Samsung Electronics, made special reference to the SNDC in Patra and stated Samsungís intention to invest further in Greece.

ekathimerini.com , Sunday February 16, 2014 (21:11)  
Tourism targets rise ever higher
Horse race betting hurdle removed for OPAP
Revised GDP data confirm that Greek growth is near
Measures to reduce unemployment
Education minister calls for probe into predecessorīs reform plan
Following reports that a plan to reform the tertiary education sector launched in the spring of 2013 failed to lead to millions of euros in savings, Education Minister Andreas Loverdos on Mo...
Anti-racism bill goes back to Parliament
An anti-racism bill, foreseeing stiffer penalties for individuals and political parties that engage in racism or incite racist violence, is to be debated in Parliament on Tuesday following m...
Inside News
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EUís three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Polandís prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the countryís need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Donít feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. The battle against progress
2. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
3. Attack on gay couple in Athens leaves one man needing surgery
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.