Rival parties call for measures after China halts urea exports
The rival parties called Monday for the government to come up with countermeasures against Beijing's recent halt in urea exports to South Korea, voicing concerns it could lead to another urea crisis.
On Sunday, government and industry officials said that China has recently halted customs procedures for urea exports to South Korea and has yet to respond to Seoul's request for an explanation.
Sources have said the government assumes the Chinese action was not a formal export control measure but came in consideration of the domestic supply and demand, adding that it is scheduled to meet with industry officials to discuss the matter Monday.
"There are growing concerns that Chinese customs blocking urea from entering South Korea could potentially prompt another urea crisis like the one experienced two years ago," said Rep. Kim Gi-hyeon, the leader of the ruling People Power Party. "We request (the government) come up with countermeasures with a sense of urgency."
The main opposition Democratic Party (DP) also expressed concerns but criticized the government for failing to take adequate measures to diversify the supply of urea.
"It was a result of ... incompetent diplomacy," said Rep. Kwon Chil-seung, the party's chief spokesperson. "The United States, Japan and the European Union have secured their own supply chains and are expanding cooperative networks to prepare for Chinese mineral controls."
The DP said the government appears to have suspended its push to diversify the supply chain while boosting its diplomacy with Japan, calling for active consultations with China to minimize potential impacts.
South Korea had imported 91.8 percent of its urea for diesel vehicles and other industrial purposes from China as of October 2023, up from 71.7 percent the previous year, according to the data by the Korea Customs Service.
The proportion of Chinese urea for fertilizers also rose from 18.3 percent in 2022 to 22.5 percent this year, the data showed.
Mixed with water, urea is used to cut emissions in diesel cars and to make agricultural fertilizers. It is a crucial element used to run logistics trucks in the country.
South Korea suffered major disruptions to its logistics networks in 2021 after China restricted its urea exports amid a trade dispute with Australia.
-
Berlin Philharmonic's 'Unsuk Chin Edition': Unthinkable becomes realityTXT shatters records, tops charts with 3rd LPChoo calls for end to protectionism, supply chain recovery during G20 meetingBTS Jungkook's starYoon nominates former boss to head broadcasting watchdogS. Korea, UAE strike bilateral free trade agreementS. Korea to review additional measures against N. Korea's arms transfer to RussiaWage talks between Kia, labor union fail againYoon nominates former boss to head broadcasting watchdogBOK expected to stand pat this week over growth risks: experts
下一篇:GC Biopharma breaks ground for Indonesia’s first blood products plant
- ·Hero soldier may get honorary degree from university
- ·TXT shatters records, tops charts with 3rd LP
- ·Pyongyang denies allegations of Hamas using North Korean weapons
- ·[Herald Review] Lim Hyunsik takes fans for a musical dive into ocean
- ·Succession scheme taking shape at Lotte
- ·Choo calls for end to protectionism, supply chain recovery during G20 meeting
- ·BTS' V joined by Jimin in solo fan meeting 'Vicnic'
- ·SK to hold CEO meeting in Paris
- ·LG wins SOAFEE board membership to join Arm, Bosch
- ·[Herald Review] Lim Hyunsik takes fans for a musical dive into ocean
- ·[Coffee Klatch] Take a sip of Turkish coffee in Seoul
- ·TXT shatters records, tops charts with 3rd LP
- ·[Today’s K
- ·Enhypen announces Nov. 17 comeback with 'Orange Blood'
- ·Andong, serene destination for immersing in traditions
- ·Korea extends fuel tax cut scheme until year's end
- ·[KH Explains] China ups OLED ante to take over Korean shares
- ·SK Ecoplant recycles over 6,000 tons of batteries
- ·Seoul defense exhibition aims to boost arms exports
- ·Seoul defense exhibition aims to boost arms exports
- ·Seoul high court sides with iPhone owners against Apple over ‘batterygate’
- ·"당 망치는 응석받이"…안철수, 이준석 제명 서명운동 시작
- ·Foreigners turn net sellers of S. Korean stocks for 15 sessions
- ·BTS Jungkook's star
- ·Half of young people struggling financially: Seoul
- ·Posco Future M achieves 100% recycling of refractory waste
- ·[Herald Interview] Mimiirose hopes to make a name for itself
- ·[Korea Beyond Korea] Early Koreanists on verge of extinction overseas
- ·Over half of Koreans want continuous strengthening of alliance with US: poll
- ·[Herald Interview] Love is what defines artist Dawn
- ·Hana Financial signs MOU with Saudi Arabia's EXIM bank to expand cooperation
- ·[Bills in Focus] Holding CEOs accountable for lack of internal financial control
- ·4th Global Biz Forum kicks off to discuss 'next prosperity'
- ·NK slams Yoon's warning against Pyongyang
- ·[Herald Interview] As a wanderer, Yoshitomo Nara does not confine himself to art
- ·Seoul shares open lower on Fed's higher
- ·Seoul stocks end nearly flat on cautious note
- ·Seoul to implement alert system to manage overcrowded areas
- ·[New in Korean] Booker Prize
- ·'Scent of Ink' to be performed at Kennedy Center in Washington
- ·LG wins SOAFEE board membership to join Arm, Bosch
- ·Enhypen announces Nov. 17 comeback with 'Orange Blood'
- ·'Scent of Ink' to be performed at Kennedy Center in Washington
- ·BTS Jungkook's star
- ·조응천 "8년간 쓴소리 했는데…요즘은 백태클에 뒤통수 가격"
- ·S. Korea to review additional measures against N. Korea's arms transfer to Russia