South Korea-Based Hwasung Group Plans Florence, South Carolina, Manufacturing Operations

URLhttps://www.areadevelopment.com/newsItems/11-2-202
SourceArea Development
Date Published11/02/2026

Additional Reshoring Information:

Company/Division name Hwasung Group
Parent companyHwasung Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):32
Year reshoring announced:2026
Year reshoring implemented or to be implemented:2027
Offshore, work was done:In-house
Domestically, the work will be done:In-house
Capital investment ($):5
Country(ies) from which reshored:Korea, South
City reshored to:Florence
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredelectical components
What domestic positive factors made reshoring more attractive?Government Incentives, Proximity to customers/market
Government Incentive dollar amount:50000
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