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Minister JK (Jung-Kwan) Kim of the Ministry of Trade, Industry and Resources (MOTIR) visited four companies on April 13, 2026, to inspect production and supply conditions for essential petrochemical products directly tied to public health, daily necessities, and key industries. The companies use petrochemical materials to make packaging for syringes and IV solutions, food packaging, paint, and semiconductor components.
At AD CHEMTECH, Minister Kim explained how MOTIR, working with relevant ministries and petrochemical companies, resolved concerns over potential supply disruptions affecting packaging materials for IV solutions and syringes. He said the government would ensure that supplies of health and medical products essential to public health remain uninterrupted.
At Lotte Packaging Solutions, Minister Kim said the government would closely monitor packaging material supply through a pan-government task force involving MOTIR, the Ministry of SMEs and Startups (MSS), and the Ministry of Food and Drug Safety (MFDS) to prevent shortages of food packaging and other day-to-day products.
At SP Samhwa, Minister Kim noted that the government had streamlined import registration procedures under the Act on the Registration and Evaluation, etc. of Chemical Substances on April 10, 2026, allowing faster imports of raw materials. He also called on the industry to cooperate in stabilizing paint supply and prices.
At Daeduck Electronics, Minister Kim said the government would maintain stable supplies of petrochemical products so that there are no disruptions to the production of daily necessities or to national key industries.
Minister Kim stressed, “We are giving top priority to preventing even a single day of disruption in the supply of health and medical products, daily necessities, as well as supplies for national key industries. MOTIR and the relevant ministries are in close contact and taking immediate action as needed.”
MOTIR has set up a task force of around 40 members to manage supply and demand for key petrochemical items and is monitoring inventories and supply trends by item each day. The ministry also plans to support rapid naphtha imports through an import cost-offset program included in the war-related supplementary budget passed at a National Assembly plenary session on April 10, 2026. In addition, MOTIR will introduce a regulation banning the hoarding of petrochemical products and feedstocks, and authorizing prompt, reasonable supply and demand adjustments in the event of disruptions.
Source - Ministry of Trade, Industry and Resources.
Note: This story has not been edited by The Polymerupdate Editorial team and is auto-generated from a syndicated feed.
