World NewsAsia & Pacific

South Korean Conglomerates Diversify Production Bases and Cut Reliance on China

Save
South Korean Conglomerates Diversify Production Bases and Cut Reliance on China
Visitors look at a booth of LG Energy Solution during the InterBattery 2021 exhibition at COEX in Seoul on June 11, 2021. Jung Yeon-je / AFP via Getty Images
Lisa Bian
Updated:
New Analysis

Faced with rising raw material costs and poor logistics, major South Korean firms have accelerated their expansion of production bases worldwide to reduce over-reliance on China.

Lisa Bian
Lisa Bian
Author
Lisa Bian, B.Med.Sc., is a healthcare professional holding a Bachelor's Degree in Medical Science. With a rich background, she has accrued over three years of hands-on experience as a Traditional Chinese Medicine physician. In addition to her clinical expertise, she serves as an accomplished writer based in Korea, providing valuable contributions to The Epoch Times. Her insightful pieces cover a range of topics, including integrative medicine, Korean society, culture, and international relations.
Related Topics