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New-Shoring: A Paradigm Shift in Manufacturing Investments

New-Shoring

Recently, ‘Re-Shoring’ came into the spotlight in developed countries like the United States.

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Recently, ‘Re-Shoring’ came into the spotlight in developed countries like the United States. Re-Shoring refers to bringing formerly outsourced manufacturing jobs back home to a country due to an increase of labor cost in the emerging countries, short life cycle of products and concern on securing intellectual properties. More details of New-Shoring strategies can be found in this issue.  

© 2021 Samjong KPMG Accounting Corp., the Korea member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative(“KPMG International”), a Swiss entity. All rights reserved.

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