Company/Division name | LG Chem Ltd. |
Type of work | Manufacturing |
Reshoring category: | Foreign Direct Investment |
Year reshoring announced: | 2021 |
Year reshoring implemented or to be implemented: | 2021 |
Domestically, the work will be done: | In-house |
Country(ies) from which reshored: | Korea, Republic of |
State(s) reshored to: | OH |
If relevant, work nearshored to: | - |
Industry(ies): | Electrical Equipment, Appliances & Components, Chemicals |
Product(s) reshored | electric-car batteries |
What non-domestic negative factors made offshoring less attractive? | Supply chain interruption risk/Natural disaster risk/Political instability , Total cost |
What domestic positive factors made reshoring more attractive? | Government Incentives, Skilled workforce availability/training |