Samsung arm picks Berlin for HQ because London “not a fun place to live unless you are really rich”

Samsung’s Next technology fund has announced it intends to open shop in Berlin over London because Britain’s capital city is too expensive, and “not a fun place to live unless you are really rich.” In an interview with The Times, Felix Petersen, the managing director of Samsung’s $150 million technology fund, announced it chose Berlin over London, saying: “In London, the cost of living, the cost of getting around and the infrastructure mean it’s not a fun place to live unless you are really rich, especially for young people.” Petersen said the city no longer had any reasonably priced neighborhoods,…

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