SEOUL, Dec. 28 (Korea Bizwire) — The government will lift restrictions on sales of urea solution as the supply of the essential fluid used in diesel vehicles to cut emissions has been stabilized, the finance ministry said Tuesday. South Korea had struggled to cope with a shortage of urea solution after China imposed export curbs [...]
SEOUL, Nov. 16 (Korea Bizwire) — A proposed conversion of industrial-use urea or urea solution into vehicle-use solution is impossible right now, a state-run laboratory said Tuesday, dashing hopes for an early end to the nation’s acute shortage of the chemical compound. The National Institute of Environmental Research (NIER) under the Ministry of Environment said [...]
SEOUL, Nov. 15 (Korea Bizwire) — South Korea said Monday local firms have inked deals to import urea solution from other countries, including Malaysia and Mexico, a move expected to help ease a supply shortage of the key fluid needed in diesel cars to cut emissions. Three Korean firms have signed contracts to import a [...]
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. 12 (Korea Bizwire) — POSCO International Corp. a trading arm of South Korean steel giant POSCO, said Friday it has signed contracts with Australian and Mexican companies to bring in 180,000 liters of urea solution in an effort to help ease the serious domestic supply crunch of the material. Under the deal, Australia-based [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea will cut tariffs and place emergency controls on the production and provision of urea solution, Prime Minister Kim Boo-kyum said Thursday, to ease the ongoing supply crunch of the material used to reduce emissions in diesel vehicles. Kim unveiled the plans during an extraordinary Cabinet meeting called [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea said Wednesday it can secure a three-month stockpile of urea solution for vehicles through various means amid a short supply of the key fluid used in diesel cars to cut emissions. The government said the estimated stockpile is calculated based on planned imports from Australia, Vietnam and [...]