Government "Holds 2.5 Months' Supply of Urea Solution for Vehicles... Secures Additional 5,000 Tons of Urea"

"Additional Vietnam Procurement Factors Require Verification of Usability for Vehicle Applications"

Lee Eok-won, First Vice Minister of the Ministry of Economy and Finance, presides over and delivers opening remarks at the "Daily Situation Check Meeting for Inter-Ministerial Joint Response on Urea Water Solution" held on the 10th at the Government Complex in Gwanghwamun, Seoul. (Photo by Ministry of Economy and Finance)

[Sejong=Asia Economy Reporter Moon Chaeseok] On the 10th, the government held an inter-ministerial joint response meeting on the supply and demand of urea solution, chaired by Lee Okwon, the 1st Vice Minister of the Ministry of Economy and Finance, and announced that it has secured vehicle urea solution sufficient for about two and a half months of domestic use.

This amount combines the previously secured imports from Australia, planned imports from China and Vietnam, domestically held stocks identified through on-site inspections, and reserves from military units. The government stated, "Considering the domestic stocks not yet identified, it is expected that there will be no supply issues for up to three months."

The government also announced that it secured an additional 5,000 tons of urea from Vietnam. However, it explained that it is necessary to confirm whether the additionally secured urea can be used for vehicles, and if found unsuitable, it will be manufactured for industrial use.

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