
South Korean Refiners Indicted for Alleged Oil Price Collusion
South Korean prosecutors have indicted four major oil refiners on allegations of colluding to fix oil prices, involving a sum of 14.2 trillion won.
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South Korean prosecutors have indicted four major oil refiners on allegations of colluding to fix oil prices, involving a sum of 14.2 trillion won.

Prosecutors have indicted four major domestic refiners in South Korea for a 26 trillion-won ($17 billion) price-fixing case, which reportedly occurred after the outbreak of the US-Iran war earlier this year.

Prosecutors in South Korea have raided four major domestic refiners following allegations of oil price fixing, an investigation launched amid rising gas prices exacerbated by the Middle East conflict.