November 02, 2000 in Social Responsibility News

Romania Awards In-House Customs Clearance Right to Otelinox

Otelinox(www.otelinox.de), a Romanian stainless steel maker majority owned by Samsung Deutschland, was recently given an in-house customs clearance authority by the Romanian government. The Romanian General Customs is implementing an in-house customs clearance program as part of a modernization program of Romanian customs system, and has given in-house customs clearance authority to 26 companies including Otelinox. Mr. Byung Moon Yoo, vice-president of Otelinox, commented that the introduction of In-House custom was a very wise decision by the Romanian government. Being awarded an in-house customs clearance authority is expected to further boost the reputation of Otelinox, which has been named as one of the most profitable company by the Romanian Chamber of Commerce.


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