Tag: supply

supply

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Lee vows to root out speculation to stabilize housing market

During a Cabinet meeting, the president said loopholes were the "biggest culprit" behind the unfairness in acquiring a home.

2026.7.21

Seoul's apartments are seen from Mount Namsan on May 29. [NEWS1]

Gov't to cut red tape to speed up housing supply, finance minister says

Korea will prioritize policies to speed up housing supply and address volatility in the property market while tackling speculative trading, the finance minister said Friday.

2026.5.29

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A construction site of apartment complex in Seoul on April 8 [NEWS1]

Construction projects face disruption as Iran war strains material supplies

Korea is bracing for potential disruptions to apartment construction projects nationwide as the Iran war strains material supplies, with the government adjusting project priority, the Ministry of Land, Infrastructure and Transport said Thursday.

2026.4.23

Prime Minister Kim Min-seok speaks during the fifth meeting of the emergency economic headquarters at the government complex in Seoul on April 15 to discuss the government's response to the Middle East crisis. [NEWS1]

Prime minister urges crackdown on hoarding of critical medical supplies and feedstocks

Prime Minister Kim Min-seok instructed the government on Wednesday to crack down on the hoarding of critical items, such as medical syringes and petrochemical feedstocks, amid supply concerns stemming from the war in Iran.

2026.4.15

A shot to the system

A display of 5-milliliter and 10-milliliter syringes is empty, with only a single box of 20-milliliter syringes remaining at a medical device shop in Seoul on April 7.

2026.4.7

Finance Minister Koo Yun-cheol speaks at a conference on macroeconomics at the government complex in central Seoul on April 1. [NEWS1]

Finance minister urges Gulf nations to bolster supply chain cooperation

Finance Minister Koo Yun-cheol urged Gulf Cooperation Council countries to strengthen cooperation to help stabilize energy and raw material supply chains amid prolonged tensions in the Middle East, the Ministry of Finance and Economy said Sunday.

2026.4.5

A notice on limited purchases of standard plastic garbage bags is seen at a large supermarket in Seoul on March 27. [NEWS1]

Government tosses strict regulations, eases garbage bag production, distribution

The government will temporarily ease regulations on the production and distribution of standard plastic garbage bags and packaging materials. Relevant ministries announced measures to "ease supply chain bottlenecks" at a joint briefing on Friday.

2026.4.3

A warehouse at a plastic film plant in Ansan is partially empty on March 24, amid supply disruptions caused by the war in the Middle East. [YONHAP]

LG Chem secures 27,000 tons of Russian naphtha

LG Chem, Korea's leading chemical company, has secured 27,000 tons of naphtha from Russia amid a potential supply shortage caused by the war in the Middle East, the Industry Ministry and business sources said Monday.

2026.3.30

Ramyeon products are displayed at a large supermarket in Seoul on March 13. [YONHAP]

Fallout of Hormuz crisis creeps toward daily life as oil constraints come for ramyeon

It started with gas stations. Now it may hit supermarkets. The fallout of the Iran war is inching closer to everyday life in Korea, with the production of staples such as ramyeon on the brink of catastrophic disruption if the Hormuz crisis drags on.

2026.3.19

Korea National Oil Corporation's Seosan Oil Storage Depot in Seosan, South Chungcheong, is seen in this file photo taken on June 23, 2025. [YONHAP]

Government raises oil security alert level to 'caution,' designates naphtha an economic security item

The Korean government raised its security alert level on crude oil resources to “caution” on Wednesday. Naphtha, another crucial industrial resource, has also been temporarily designated as an economic security item.

2026.3.18