SEOUL, Nov. 3 (Korea Bizwire) — Supply chain worries loom over the South Korean economy as China has started to impose limits on exports of urea. Urea water is indispensable in an emissions control system called selective catalytic reduction (SCR). Vehicles powered by diesel engines are required to be equipped with SCR systems, which are [...]
SEOUL, Nov. 26 (Korea Bizwire) — Demand for corrugated shipping boxes is soaring, and so too are worries about a supply shortage in the packaging industry. This issue was foreseen early on this year when market research company Freedonia Group predicted that global demand for corrugated shipping boxes was projected to rise 12 percent annually [...]
SEOUL, Dec. 21 (Korea Bizwire) – With South Korea struggling to contain a record-breaking bird flu outbreak that has so far led to the culling of close to 20 million poultry, it may be only a matter of time until the country suffers a critical egg crisis. Lotte Mart, a discount store chain, began limiting [...]
SEOUL, Oct. 20 (Korea Bizwire) – South Korea’s market for packaged kimchi has been growing sharply in recent months as more consumers resort to them due to sky-high prices of napa cabbage, the pickled side dish’s key ingredient, a market tracker said Thursday. The market for packaged kimchi rose 13.5 percent in July from a [...]