Reshoring: When Companies Come Back Home

Reshoring: refers to the return of foreign company assets to their home country due to factors like deregulation or reduced labor costs. Also known as "homecoming of capital."

Example: Hyesung Group abandoning their Vietnam production base and relocating to Ulsan.

The opposite is offshoring (leaving a country due to regulations).

Recent news: 94% of Korean companies have no plans for reshoring.