Tag: urea

urea

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Korea’s urea dependency on China deepens despite diversification efforts

From January to September, Korea imported 252,102 tons of industrial and automotive urea, with 62.4 percent coming from China, an 82.4 percent increase from a year earlier.

2025.10.22

Bottles of urea are displayed at a supermarket on Sept. 10 of last year when exports from China were limited. [NEWS1]

China halts urea exports to Korea, limited impact expected

China has halted customs procedures for exports of urea to Korea, but the Energy Ministry expects the move to have a limited impact this time.

2024.6.18

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Trucks carrying 5,500 tons of urea imported from Vietnam head to a factory in Ulsan. [LOTTE FINE CHEMICAL]

Lotte Fine Chemical imports 5,500 tons of urea from Vietnam

Lotte Fine Chemical said Saturday it has imported 5,500 tons of urea for vehicles from Vietnam, a move expected to help ease concerns over urea supplies following China's export suspension.

2023.12.17

Industry Minister Bang Moon-kyu, second from left, speaks during a meeting on Korea's supply chain stabilization at Posco Future M's graphite production facility in Sejong on Wednesday. [NEWS1]

Korea to ease export reliance of key materials from China

Korea has selected 185 materials, including graphite and urea, to stabilize its supply chain by reducing reliance on specific countries such as China.

2023.12.13

Weathering export control and protectionism

Korea must continue to champion the free trade principle.

2023.12.12

All under government control (KOR)

Korea is too complacent. As a result, Korea is once again hit by belligerent China.

2023.12.12

All under government control

Korea is too complacent. As a result, Korea is once again hit by belligerent China.

2023.12.11

A driver pours urea solution into his vehicle at a gas station in Seoul on Sunday. [YONHAP]

Korea secures more than 4 months of urea in reserves

The government said Monday that the current prices and reserves of urea sold at gas stations are similar to the usual rate and more stable than they were during the 2021 urea crisis.

2023.12.11

Urea imported from China is stored in Aton Industry's warehouse in Iksan, North Jeolla. [YONHAP]

Gov't opens urea reserves as shortage looms

Chinese companies will fully restrict urea exports to Korea until Q1 of 2024 and will limit next year's total exports to one fifth of their usual amount. More than 90 percent of Korea's industrial-grade urea supply currently comes from China.

2023.12.7

A sign at a gas station in Goyang, Gyeonggi on Wednesday reads “No urea.” China's recent export curbs have led to public concerns over a potential recurrence of the urea shortage crisis that hit the domestic auto market two years ago, resulting in some cases of hoarding as reports of the situation emerged. [YONHAP]

Urea uproar

China's recent export curbs have led to public concerns over a potential recurrence of the urea shortage crisis that hit the domestic auto market two years ago, resulting in some cases of hoarding as reports of the situation emerged.

2023.12.6