S. Korea to Spend 100 Bln Won in 2024 for Reshoring Companies

SEJONG, Jan. 23 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to spend 100 billion won (US$74.6 million) this year to support local businesses seeking to bring their production back home from overseas. The amount marks a 75 percent rise from the 57 billion won allocated in 2023, according to the Ministry [...]