{"id":2203012,"date":"2023-12-06T08:00:01","date_gmt":"2023-12-05T23:00:01","guid":{"rendered":"https:\/\/koreapro.org\/?p=2203012"},"modified":"2023-12-05T16:12:21","modified_gmt":"2023-12-05T07:12:21","slug":"south-korea-scrambles-to-avert-urea-shortage-as-china-tightens-exports-again","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/12\/south-korea-scrambles-to-avert-urea-shortage-as-china-tightens-exports-again\/","title":{"rendered":"South Korea scrambles to avert urea shortage as China tightens exports again"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">South Korea\u2019s <\/span><a href=\"https:\/\/www.motie.go.kr\/motie\/ne\/presse\/press2\/bbs\/bbsView.do?bbs_seq_n=168255&amp;bbs_cd_n=81&amp;currentPage=1&amp;search_key_n=&amp;cate_n=1&amp;dept_v=&amp;search_val_v=\"><span style=\"font-weight: 400;\">Ministry of Trade, Industry and Energy<\/span><\/a><span style=\"font-weight: 400;\"> (MOTIE) hosted a meeting between government officials and industry leaders on Dec. 4 to discuss the country\u2019s response to China\u2019s <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20231204008600320?section=economy-finance\/economy\"><span style=\"font-weight: 400;\">delay of customs procedures for urea exports<\/span><\/a><span style=\"font-weight: 400;\"> to the ROK. The discussions focused on the supply chain challenges for vehicle urea, which is essential for reducing emissions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The South Korean government outlined plans to stabilize the vehicle urea supply, including expanding public stockpiling, securing imports from alternative sources, introducing measures for expedited quality inspection and swift customs clearance of imported urea. Government officials also stated that Seoul will engage in close consultations with Beijing, utilizing various bilateral channels to address customs clearance issues and supply chain stability to ensure uninterrupted urea imports from China.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">MOTIE spokesperson Choi Nam-ho <\/span><a href=\"https:\/\/en.yna.co.kr\/view\/AEN20231204008600320?section=economy-finance\/economy\"><span style=\"font-weight: 400;\">confirmed<\/span><\/a><span style=\"font-weight: 400;\"> on Monday that customs delays in urea imports from China are due to an internal supply strain within China, not political factors. This clarification comes amid heightened concerns over supply chain disruptions. Seoul\u2019s stockpile of urea is sufficient for about <\/span><a href=\"https:\/\/www.motie.go.kr\/motie\/ne\/presse\/press2\/bbs\/bbsView.do?bbs_seq_n=168255&amp;bbs_cd_n=81&amp;currentPage=1&amp;search_key_n=&amp;cate_n=1&amp;dept_v=&amp;search_val_v=\"><span style=\"font-weight: 400;\">three months<\/span><\/a><span style=\"font-weight: 400;\">, highlighting the need for immediate and effective supply chain management.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The situation is further complicated by China\u2019s <\/span><a href=\"https:\/\/koreajoongangdaily.joins.com\/2021\/11\/04\/business\/industry\/urea-solution-cargo-truck\/20211104175204147.html\"><span style=\"font-weight: 400;\">2021 decision to restrict fertilizer exports,<\/span><\/a><span style=\"font-weight: 400;\"> including urea, in response to soaring fertilizer prices affecting food production. Beijing partly attributed the decision to a rise in the price of coal, essential for urea production. Coal prices have recently <\/span><a href=\"https:\/\/koreapro.org\/2023\/12\/how-south-korea-balances-its-energy-trade-with-russia-amid-western-sanctions\/\"><span style=\"font-weight: 400;\">surged<\/span><\/a><span style=\"font-weight: 400;\"> due to global shortages and reduced coal mining investments, particularly in China. These developments demonstrate the challenges countries face when dependent on imports for critical resources, emphasizing South Korea\u2019s need to diversify urea sources and stabilize its supply chain.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE) hosted a meeting between government officials and industry leaders on Dec. 4 to discuss the country\u2019s response to China\u2019s delay of customs procedures for urea exports to the ROK. The discussions focused on the supply chain challenges for vehicle urea, which is essential for reducing emissions. [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2203013,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea scrambles to avert urea shortage as China tightens exports again - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/12\/south-korea-scrambles-to-avert-urea-shortage-as-china-tightens-exports-again\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea scrambles to avert urea shortage as China tightens exports again - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"South Korea\u2019s Ministry of Trade, Industry and Energy (MOTIE) hosted a meeting between government officials and industry leaders on Dec. 4 to discuss the country\u2019s response to China\u2019s delay of customs procedures for urea exports to the ROK. The discussions focused on the supply chain challenges for vehicle urea, which is essential for reducing emissions. 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