Korean press reports that Samsung is to built a $100 million plant near Wrocław

The Korean daily "Chosun Ilbo" speculates that the investor was attracted by the decision of LG.Philips LCD to choose Lower Silesia as a location for its new plant. Similarly to LG, Samsung is looking for a way to expand on the EU market. "By choosing Poland we save on transportation costs and taxes," said an anonymous manager at Samsung. The company has already had its Software Development Center in Warsaw since 2000, which currently employs over 100 people. "Information from the Korean press has not been officially confirmed," stressed Sebastian Mikosz from the Polish Information and Foreign Investment Agency (PAIiIZ). He did not reveal what incentives package was offered to the investor. (Parkiet, p. 11) M.M.