The call to the post for the US manufacturing renaissance happened earlier than most realize. While it’s true that recent stimulus efforts are bolstering reshoring efforts, legislation isn’t the entire reason for the revival. The growth of artificial intelligence (AI) and its role in automation, semiconductor chip foundry and data center construction, energy grid electrification, […]

The government has decided to consider providing subsidies or other forms of support to South Korean companies for repatriating earnings from overseas through “capital reshoring,” recognizing it as an investment returning to the domestic market. On May 7, the Ministry of Trade, Industry, and Energy (MOTIE) held a “Returning Company Support Policy Conference” chaired by […]

SEJONG, May 7 (Yonhap) — Industry Minister Ahn Duk-geun on Tuesday pledged to expand support for businesses reshoring from overseas. “Amid the challenging business environment, following inflation, high borrowing costs and foreign exchange market volatility, revitalizing investment, including reshoring, will bolster exports and employment,” Ahn said in a statement. “It is also crucial for stabilizing […]

In this exclusive Q&A, we delve into the imperatives and strategies for reshoring critical medicines within the pharmaceutical industry alongside Kevin Webb, chief operating officer at the API Innovation Center. Webb’s expertise sheds light on the current trends and challenges in onshoring pharmaceutical manufacturing, setting the stage for the upcoming round table at CPHI North […]