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Companies considering closing overseas facilities South Korea 2020-2022

Published by L. Yoon, Jan 22, 2024
According to a survey conducted in South Korea in 2022, nearly 28 percent of large South Korean companies said they were thinking about moving their overseas operations to South Korea. This was an increase of more than nine times compared to two years ago. According to the source, the main reason for thinking about reshoring was the disrupted global supply chain following the COVID-19 pandemic.

Share of South Korean companies considering reshoring due to the COVID-19 pandemic in 2020 and 2022

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Sources

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Release date

March 2022

Region

South Korea

Survey time period

2020 and 2022

Number of respondents

72 companies*

Special properties

largest companies with sales among the top 500 in South Korea

Supplementary notes

*Refers to the companies surveyed in 2022.

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