Gov't to ensure stable supply of daily items amid raw material shortage woes
Yonhap News
Kim Han-joo
KO
2026-04-09 06:30
SEOUL, April 9 (Yonhap) -- Finance Minister Koo Yun-cheol said Thursday that the...
SEOUL, April 9 (Yonhap) -- Finance Minister Koo Yun-cheol said Thursday that the government will make all-out efforts to ensure a stable supply of daily necessities, such as plastic bags, amid growing concerns over a potential shortage of raw materials due to the Middle East conflict.
Koo made the remarks during a visit to a film and vinyl manufacturing company, as uncertainties over the supply of raw materials have increased with the effective shutdown of the Strait of Hormuz, according to the finance ministry.
Consumers have been hoarding standard plastic garbage bags following a sharp rise in polyethylene prices, a key material used in their production, as the industry relies heavily on imports for the raw material.
To prevent the spread of supply instability and hoarding of essential goods, the government on Wednesday designated seven basic petrochemical products as crisis items.
"Film and vinyl products are essential items directly linked to both industry and daily life, making the stable management of related supply chains critically important," Koo said.
Koo added that the government will closely monitor the entire process, from raw material procurement to production and distribution, to ensure there is no disruption to the public's daily lives.
khj@yna.co.kr(END)
Koo made the remarks during a visit to a film and vinyl manufacturing company, as uncertainties over the supply of raw materials have increased with the effective shutdown of the Strait of Hormuz, according to the finance ministry.
Consumers have been hoarding standard plastic garbage bags following a sharp rise in polyethylene prices, a key material used in their production, as the industry relies heavily on imports for the raw material.
To prevent the spread of supply instability and hoarding of essential goods, the government on Wednesday designated seven basic petrochemical products as crisis items.
"Film and vinyl products are essential items directly linked to both industry and daily life, making the stable management of related supply chains critically important," Koo said.
Koo added that the government will closely monitor the entire process, from raw material procurement to production and distribution, to ensure there is no disruption to the public's daily lives.
khj@yna.co.kr(END)