The South Korean government, represented by Cheong Wa Dae, has expressed its concerns regarding disruptions in the supply of naphtha, an essential raw material for the petrochemical industry, as a result of the ongoing conflict between the United States and Iran. On the 20th, officials announced that they are considering necessary additional measures to ensure industrial supply chain stability. The government is actively communicating with the industry in response to the naphtha supply uncertainty caused by the Middle East situation, and support is being given for the introduction of alternative naphtha imports as a proactive step against potential shortages.

Naphtha is often referred to as 'the rice of industry' because it is a fundamental raw material used to produce various products including plastics, synthetic fibers, rubbers, and chemicals, primarily through the production of ethylene. Current reports indicate that the available stock of naphtha in the industry is alarmingly low, holding only a 2-3 week supply. The government has recognized the urgency of the situation and has affirmed that it will implement export control measures aimed at minimizing the overseas outflow of naphtha.

Furthermore, there have been specific concerns regarding Qatar’s Ras Laffan complex, which accounts for 20% of the world’s liquefied natural gas (LNG) supply, particularly involving fears of disruptions in supply contracts with South Korea due to potential Iranian attacks. However, government officials indicate that Qatar’s LNG imports constitute only about 14% of South Korea's total imports this year, and there are alternative sources available, ensuring stability in gas supplies. Continuous monitoring of supply and price uncertainties has been pledged by the government, aiming to uphold national interests during this volatile period.