South Korea's Finance Minister: Naphtha Export Controls to Take Effect Friday Midnight

South Korea's Finance Minister announced that export controls on naphtha products will be implemented starting Friday at midnight. According to Jin10, this measure is part of the government's efforts to regulate the export of key petrochemical products. The decision aims to stabilize domestic supply and manage the economic impact of fluctuating global oil prices. The new regulation is expected to affect South Korea's petrochemical industry, which relies heavily on naphtha as a primary feedstock. The government has not specified how long these controls will remain in place, but they are anticipated to influence both domestic and international markets.