The South Korean government is expected to implement naphtha export controls this week.

```htmlGolden Ten Data reported on March 24 that, according to Yonhap News Agency, as Iran's long-term blockade of the Strait of Hormuz has disrupted naphtha supplies, the South Korean government is very likely to implement naphtha export control measures this week. Yang Ki-wook, Director of the Office of Industrial Resource Security at the Ministry of Trade, Industry and Energy, stated at a press conference held at the Sejong Government Office Building on the 24th that the Ministry is coordinating with relevant departments on plans for naphtha export control measures. It is reported that naphtha is a basic material for petrochemical products, with South Korea relying on domestic refiners for 55% of its naphtha supply and importing the rest.```