Elemental Water Supply 'Found the Core' Period, Hoarding Risks... 70 Cargo Trucks Stored for a Month in Busan Under Investigation

Nakdong River Basin Environmental Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] The Environmental Agency has launched an investigation to determine whether companies storing large quantities of urea water, which is currently in short supply, are engaging in hoarding.

As China has blocked exports and prices have soared, transportation companies are facing a crisis comparable to "finding a needle in a haystack" in securing urea water essential for operating large diesel vehicles.

In Busan, a company storing enough urea water to operate 70 freight trucks for about one month recently became a target.

The Environmental Agency has begun an investigation into this company, which has been storing large quantities of urea water in its warehouse.

On the 9th, the Nakdong River Basin Environmental Office made a sudden visit to the company to inspect the urea water storage site and is currently assessing the amount of urea water stored.

They are also comparing past distribution records of the stored quantities to determine whether this is a case of speculative hoarding aimed at profiting from price differences.

The urea water was found in a warehouse of a company specializing in bathroom supplies distribution.

Approximately 375 containers of 10 liters each were stored, totaling about 3,750 liters, which is reportedly enough to supply 70 freight trucks for one month.

The company denied hoarding, stating that they stored the urea water in the warehouse simply because there was no space at gas stations.

If caught hoarding urea water, offenders face up to three years in prison or fines of up to 100 million won.

The government began inspections against illegal distribution and hoarding of urea water on the 8th. The Ministry of Environment and local environmental offices are responsible for on-site crackdowns on urea water hoarding.

The Busan Police stated, "The Nakdong River Basin Environmental Office is verifying the company's previous year's sales and other details, and if hoarding is confirmed, the company will be reported to the police," adding, "No reports have been filed so far."

This content was produced with the assistance of AI translation services.