A Korean company, identified as Company G, is experiencing a severe liquidity crisis as its export shipments of industrial plastic materials to Saudi Arabia, UAE, Qatar, and Kuwait have been indefinitely anchored near the Middle Eastern waters due to the escalating conflict between the US and Iran. This situation has led to an inability to recover export payments, causing a ripple effect where the company cannot settle payments for raw materials, thereby jeopardizing its financial stability.

According to a report from the Ministry of SMEs and Startups, the Korea Trade-Investment Promotion Agency (KOTRA), and the Korea International Trade Association, 46% of the 598 reported grievances between the 3rd and 20th of the current month pertain to logistics damages similar to those faced by Company G. Financial difficulties ranked second in reported issues at 148 cases, highlighting the widespread impact of the ongoing crisis. Notably, among the 24 major ports along the coast of the Persian Gulf Cooperation Council, only 9 are currently operational, further exacerbating the logistical challenges.

In response to the crisis, the Ministry of Trade and KOTRA have prepared an emergency support program amounting to 8 billion won (approximately $6.8 million) aimed at assisting affected businesses. Applications for the 'Middle East Situation Response Emergency Support Voucher' have been open since the 20th of the month, allowing companies to receive support of up to 150 million won per entity. The government plans to comprehensively cover logistics return costs, war risk surcharges, and international transportation fees for mixed shipping routes, among other related expenses, attempting to alleviate the financial strains placed on these businesses due to the ongoing geopolitical tensions in the region.