SEOUL, April 28 (Korea Bizwire) — South Korea will diversify its import channels of soft coal and increase the production of cement to ease concerns over a supply shortage of the key construction material amid the ongoing crisis surrounding Ukraine, the top economic policymaker said Thursday. Global supply chains of bituminous coal, or soft coal, [...]
SEOUL, Nov. 14 (Korea Bizwire) — Truck driver Kim Jeong-seok had never imagined that urea solution, normally a cheap and easy-to-buy item used in his diesel vehicle, would slip out of his reach, creating a scarcity that has threatened his livelihood and exposed vulnerabilities in South Korea’s supply chain. The shortage of urea solution — [...]
SEOUL, Nov. 5 (Korea Bizwire) — The presidential office Cheong Wa Dae has launched a task force to tackle supply shortages of urea water solution (UWS), a key material used in diesel vehicles to reduce emissions, an official said Friday. “We will establish a comprehensive response system like we have for material, components and equipment [...]
SEOUL, April 17 (Korea Bizwire) — A series of mishaps in securing enough COVID-19 vaccines is threatening to take South Korea’s nationwide inoculation scheme off schedule, putting its coveted target to achieve herd immunity by November at risk. In the worst case scenario, the country could suffer a supply shortage of COVID-19 vaccines amid growing [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s agricultural ministry said Wednesday it plans to temporarily remove tariffs on imported egg products to resolve a supply shortage sparked by the outbreak of highly pathogenic bird flu here. The move, which is set to be finalized next week, would allow local companies to import up to [...]
SEOUL, Apr. 24 (Korea Bizwire) — A continuing supply shortage of the latest smartphone made by Samsung Electronics Co. is leaving many of the early buyers in South Korea without a new phone in their hands, as the tech giant has failed to predict demand and ready stock in time, industry sources said Saturday. Samsung [...]