South Korea requests countries like India and the United Arab Emirates to help ensure the supply of oil and naphtha.

The office of Deputy Minister for Trade Negotiations of the Ministry of Trade, Industry and Energy of South Korea, Ryu Han-koo, said on Wednesday that Ryu urged every effort to ensure alternative supplies of fuel oil and naphtha in order to reduce uncertainties for South Korean businesses stemming from supply disruptions caused by continued instability in the Middle East.

Late Tuesday, Ryu held an emergency video conference with business envoys and trade officials dispatched to South Korea’s major trading partners to discuss how to address a crisis in the supply of key industrial materials, including crude oil and naphtha.

At the meeting, Ryu urged officials to make use of all available resources to strengthen communication with foreign governments and resource companies, in order to secure alternative sources for such raw materials and thereby help South Korean businesses reduce uncertainties in their supply chains.

According to South Korea’s Ministry of Trade, Industry and Energy, at another meeting with officials from major companies on Wednesday, Ryu said he had asked India, the United Arab Emirates, and other countries for help to ensure South Korea’s supplies of fuel oil and naphtha.

In response to the trade investigation launched by the U.S. government into South Korea under Section 301 of the 1974 Trade Act, Ryu pledged to make efforts to safeguard national interests and ensure that South Korea’s treatment in the United States is not lower than that of other major economies.

The Ministry of Trade, Industry and Energy of South Korea said it will continue to work to address energy supply and other trade-related issues faced by domestic businesses, while also striving to expand trade networks to help companies develop new export markets and inject new momentum into their long-term development.

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