South Korea to launch $7.6 bn supply chain fund, make urea locally

South Korea plans to set up a supply chain stabilization fund of up to 10 trillion won ($7.6 billion) to effectively cope with sudden supply disrupt...

South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

Hyundai, Daewoo sign Turkmenistan fertilizer plant deals

South Korea’s Hyundai Engineering Co. and Daewoo Engineering & Construction Co. are likely to win orders to build fertilizer plants in Tur...

Korean manufacturers’ dependence on China intensifies

South Korean manufacturers are importing even more key industrial raw materials from China, deepening concerns over the dependence of Asia’s f...

Urea crisis lays bare South Korea’s heavy dependence on China

The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...

Korea DEF crisis may ease as China will export urea

South Korea is expected to ease the diesel exhaust fluid (DEF) shortage for the short term as China has decided to resume customs clearance procedur...

Korea scrambles to address DEF supply shortage

South Korea is stepping up efforts to secure diesel exhaust fluid (DEF) such as diversification of supply sources as the shortage of the liquid used...

Diesel exhaust fluid shortage threatens Korea’s supply chain

A diesel exhaust fluid (DEF) shortage in South Korea is feared to disrupt the supply chain in Asia’s fourth-largest economy. The lack of the l...