The government announced plans to release public reserves of **urea** and **urea solution** late this month, taking proactive measures to mitigate potential **supply shortages** stemming from the escalating **Middle Eastern crisis**. This strategic move aims to ensure **economic stability** and **supply chain resilience** for vital industries.
**Finance Minister Koo Yun-cheol** outlined this crucial initiative during an urgent virtual **economic meeting** convened with key officials from ministries involved in **Middle East crisis response**. Minister Koo, currently attending the **G20 finance ministers** and central bank governors’ meetings in Washington, underscored the critical importance of these preemptive actions.
Minister Koo affirmed the government’s unwavering commitment to “proactively” addressing **supply chain disruptions** for the duration of the conflict involving the United States and Iran. He highlighted that the ongoing **Middle Eastern conflict** represents the most significant **global economic risk factor** in the current climate.
“We will maintain a robust **emergency economic response system** until the resolution of the conflict is evident, actively tackling **supply chain challenges** and alleviating difficulties impacting **people’s livelihoods**,” Minister Koo emphasized, reinforcing the government’s dedication to safeguarding national **economic interests** and citizen well-being.
