Sabah – South Korean electronics giant Samsung has set up a research and development (R&D) center in Turkey in cooperation with local tech firm Semper-Tech.
Turkey’s Science, Industry, and Technology Vice-Minister Davut Kavranoglu, Samsung Electronics Turkey President Yoonie Joung and South Korean Ambassador to Turkey Yunsoo Cho attended the opening ceremony of the facility, located in Teknopark Istanbul. The facility will conduct R&D on next-generation wireless technologies with a particular focus on healthcare and educational software.
“As we consider Turkey a key country among our global markets, Samsung’s commitment here involves learning from this dynamic nation with a young, skilled, and well-educated population. Those are the main reasons behind our decision to choose Turkey to host one of our R&D centers,” Samsung Electronics Turkey President Joung said at the ceremony.
The South Korean company employs 71,000 engineers and researchers in a network of 36 R&D centers distributed in 17 countries, in addition to the latest one in Turkey. The company stands as one of the largest R&D spenders in the world, with nearly USD 13.5 billion in 2014.
Turkey has an extensive investment incentives package in place specifically tailored for research, development, and innovation-related activities.