‘Imported 20,000L’, ‘No kiosk selling’… Is the number of elements out of breath?

In front of a urea water manufacturer in Bucheon, Gyeonggi-do, a truck driver is unable to take a step after seeing a notice that says, ‘We inform you that the sale of urea water will be suspended indefinitely’. yunhap news

The government is using military transport aircraft to import 20,000 liters of urea water from Australia this week. The notice to ban urea and urea water kiosk is also decided to come into effect from the 8th.

The government announced on the 7th that it had held a foreign economic and security strategy meeting presided over by Hong Nam-ki, deputy prime minister for economy and minister of Strategy and Finance, at the Seoul Government Complex on the 7th and discussed ‘the status of supply and demand of industrial elements and elements and countermeasures’.

The government mobilizes all available diplomatic channels to negotiate with countries producing urea such as Australia as well as Vietnam to introduce thousands of tons within this year, and the Chinese government has diplomatic consultations requesting expeditious export customs procedures centering on existing contracts worth tens of thousands of tons. We plan to continue to do so.

In addition to supporting the preservation of excess costs and logistics costs due to import substitution, the quota tariffs will be implemented as soon as possible, and military transport aircraft will be used if urgently needed. An ‘Emergency Customs Clearance Support Team’ is operated for prompt customs clearance, and ‘import declaration before entry into the port’ is allowed. The period of urea water inspection for vehicles will be shortened from 20 days to 3-5 days.

The conversion of industrial urea water for vehicles will be reviewed by the middle of this month and, if deemed possible, action will be taken immediately. The test analysis of industrial elements and number of elements was completed on the 5th, and it is planned to decide whether to convert it through vehicle safety evaluation.

A freight car is parked at the Seobu Truck Terminal in Yangcheon-gu, Seoul. yunhap news

The government predicted that there would be no disruption to the operation of essential vehicles such as fire trucks and ambulances, as they have three months’ worth.

The government plans to stabilize the supply and demand by checking the inventory of companies (production and distribution, etc.), and by converting a certain portion of the reserve for urea water secured by the domestic public sector such as military bases and allocating them to emergency demanders.

In addition, in order to immediately respond to market disturbances, a notice prohibiting the buying and selling of urea and the number of urea will come into effect from the 8th. According to the “Price Stability Act,” a person who buys and sells a kiosk is punished by imprisonment with labor for not more than three years or by a fine not exceeding 100 million won.

The announcement of ‘Emergency Supply and Demand Adjustment Measures’ to stabilize supply and demand, such as inventory inventory, sales limit, and designation of vendors, will be enacted and implemented within this week by shortening the relevant procedures such as holding an ad hoc meeting of the government as much as possible.

In the mid- to long-term, it is decided to prepare long-term supply-demand stabilization measures such as securing domestic urea production facilities and strategic stockpiling of the Public Procurement Service. At the same time, it plans to manage demand in parallel by developing an alternative catalyst that decomposes nitrogen oxides without urea water and expanding facilities that can use ammonia water, a substitute for urea water.

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