Only 80 firms out of thousands with links in China have returned part of their operations home since Korea introduced its U-turn law in 2013. Photo: Handout
South Korean firms prefer manufacturing in China despite government’s reshoring plans
- Seven out of 10 South Korean companies in China have no interest in returning home, according to a recent survey
- Anecdotal evidence indicates that firms considering cutting back operations in China are instead looking to relocate in Southeast Asia
Only 80 firms out of thousands with links in China have returned part of their operations home since Korea introduced its U-turn law in 2013. Photo: Handout
