Only 10.4 Korean companies abroad return to S. Korea each year while 482 U.S. firms return home

"해마다 482개 기업이 미국으로 유턴...한국은 10.4개사 뿐"

An average of just 10-point-4 South Korean businesses abroad returned to South Korea each year from 2014 to 2018.
This is far below the 482 U.S. businesses that returned home each year according to the U-turn Business Data report collected by the Federation of Korean Industries.
The report says the rise in labor costs in China and consumers' preference for U.S.-made products as well as corporate tax exemptions helped bring a lot more businesses back to the U.S.
South Korean businesses that return home also receive a corporate tax exemption for 5 years, but according to the report, they aren't doing so well when they come back because the business environment is not improving.

#Korea #US #business

Arirang News Facebook:

arirang,tv,south,korea,korean,SouthKorea,ArirangNews,news,Seoul,arirangtv,아리랑tv,아리랑뉴스,뉴스,북한,northkorea,대한민국,미국,사업,US,Business,KoreanIndustries,tax,