Favorable reshoring environment expands under Yoon administration
The governments efforts to induce Korean businesses to bring back their earnings and operations outside the country appear to be paying off, following measures that are aimed at lessening the businesses tax burden while encouraging more investment. Industry sources said Wednesday the Korean manufacturers that run plants abroad are paying attention to the Ministry of Economy and Finances plan to support up to 50 percent of the investment needed for their reshoring.
Source: koreatimes.co.kr