Samsung closed the last Chinese smartphone factory in 2019 and moved South to Vietnam. In 2020, Samsung's Vietnam production accounted for about 25+% of the country's GDP and export.
Japanese companies are also nearshoring to vietnam.
IMO, and it's not even really clear how Samsung's DRAM business really benefited from the state backing. The South Korea gov't first major initiative "Semiconductor Industry Promotion Plan" started only after Samsung'd developed their first 64K DRAM in 1983. It really helped other local industry competitors such as LG and Hyundai catch up, but Samsung was already on a roll -- by the early 90's, the company became the first to develop 256Mb DRAM. Not clear whether they really needed hand-holding from the gov't.