SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s biggest producer of urea water has lowered its output amid a growing shortage of urea, industry sources said Monday. Lotte Fine Chemical Co. has stopped part of the urea water solution production line at its factory in Ulsan, about 400 kilometers southeast of Seoul, since last week, [...]
SEOUL, Nov. 8 (Korea Bizwire) — Hoarders of urea water solution could face up to three years in prison or a fine of up to 100 million won (US$84,000), the government warned Monday, as it launched a special crackdown on illegal market activities amid a shortage of the material essential to diesel vehicles. The government [...]
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 [...]