In the wake of the global financial crisis that began in 2008, protectionism has been on the rise. Global uncertainties such the recent US-China trade dispute, the U.K.’s withdrawal from the EU and the slowing expansion of the global value chain (GVC) are representative of the trend. Recently, during the COVID-19 pandemic, major economies have focused on building stable supply networks in strategic industries. Reshoring strategies ？the relocation of production bases back home ？ have been utilized by governments and firms in advanced economies in aiming to build stable supply networks. Korea enacted and implemented a related law, the Act on Assistance to Korean Off-shore Enterprises in Repatriation (“U-turn law”) in 2013, but until now, no prominent policy effects had yet emerged. In order to maximize the positive effect of the U-turn law on the domestic economy, unreasonable provisions in the current law need to be removed to better reflect reality. To do this, a strategy must first be implemented that considers differentiated levels of support by industry to ensure that more support is allocated to sectors that have a greater impact on the national economy. These sectors include the materials, parts, equipment, advanced technology, medical and national security industries. Second, the concept of repatriation should be slightly redefined to include the repatriation of global firms’ investment dollars in addition to the physical relocation of foreign affiliates back to Korea. Third, instead of enforcing the U-turn law unilaterally, its connections to existing domestic policies need to be improved. Lastly, establishing a formal system to assess the performance of the repatriation policy is necessary.