With the thunderous propaganda film failed the World Expo bid, causing the global netizens to ridicule only a few days, South Korea has another laughable event, after China announced the suspension of the export of urea solution for diesel engine exhaust treatment to South Korea, South Korea was shocked, saying that their reserves are only enough for three months.
South Korea is starting to "urea scare" again
According to the global network, South Korea has just received a notice from China, and the General Administration of Customs of China said that the customs clearance process for exporting urea solutions to South Korea will be suspended. Products that have completed the export review process will also be stopped for loading. The Ministry of Trade, Industry and Energy of the Republic of Korea has received news before and hopes to communicate with the Chinese side, and the reason they have learned from various channels is that the supply of relevant materials in China is tight and has nothing to do with the political, economic and trade relations between the two countries.
Knowing that China is not "angry with itself", Yoon Suk-yeol put his heart back in his stomach. But the dilemma of insufficient vehicle urea solution has to be solved. According to statistics, 97.6% of South Korea's adBlue solution is completely dependent on Chinese imports, this solution is the lifeblood of South Korea's transportation industry, in South Korea's 9.81 million diesel vehicles, more than 4 million must use this catalyst to meet environmental emission standards, and once the catalyst is cut off, South Korea's entire transportation and logistics industry, there is a risk of paralysis.
South Korea's transportation industry
As early as 2021, the mainland also implemented export controls due to tight domestic supply, and the South Korean transportation industry suffered heavy losses. Two years later, Koreans still remember the logistics paralysis at that time. But two years later, South Korea's "urea panic" has not been resolved.
It is said that South Korea is a developed country with a world-leading level of science and technology, and should not be stumped by a small urea, but in fact, this incident has exposed the biggest shortcoming of South Korea's chemical industry. They don't produce fossil fuels, and none of the products in the chain are self-sufficient. Urea, for example, is an important part of the coal industry chain, and also involves large-scale power supply, land acquisition and labor costs. Looking around the world, it is not a real big country, and it is impossible to build a urea industry chain at all.
China accounts for 43% of global urea production, topping the list, the second, third and fourth places are the United States, India and Russia, the United States and India urea to South Korea is cost-effective, after the outbreak of the Russian-Ukrainian conflict, South Korea cut off most trade with Russia. In the past two years, the South Korean government has repeatedly stressed the need to "diversify urea supply" and reduce dependence on China.
This is actually a big problem that South Korea has not been able to solve since the founding of the country, they are just a peninsular country, poor resources, Park Chung-hee created the "Han River Miracle" during his reign, so that South Korea became an industrial power, from energy to all kinds of raw materials, from labor costs to land costs, South Korea can not establish a large-scale industrial chain. For many years, South Korea has been nicknamed "canary" in international trade, which means that a good South Korean economy means that the global economy is booming, and a bad Korean economy indicates that an economic crisis is coming.
Yoon Suk-yeol sang at the White House
A few years ago, some South Koreans were proud of this, believing that it was a reflection of South Korea's international status, but in fact being treated as a "canary in the mine" only showed that South Korea's economic system was quite fragile, and the slightest wind and grass would shake its foundation. Before Moon Jae-in was in power, he engaged in balanced diplomacy between China and the United States, and South Korea developed quite well, but now Yoon Suk-yeol "raised his hand to surrender" to the United States and Japan, and the United States and the West will not give them any practical benefits.