bsumisu,
Japan is currently exporting RE to Sth Korea so no idea why they'd want to stockpile.
"REE imports from Japan increased to 27.9 percent last year from 7.8 percent in 2011."
http://rareearthinvestingnews.com/8791-china-rare-earth-quotas-2013-price-market-south-korea-inner-mongolia-baotou-steel.html
I would have presumed that doing away with stockpiles was the main objective of a reliable, direct supply chain? On time, prescribed quality & spec at cost effective pricing avoiding the need for expensive inventory.
the next rare earth hub in asia?, page-24
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