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 indict four major refiners over allegations of oil price collusion
South Korean prosecutors on Monday indicted four major domestic oil refiners for violating fair trade laws.
Read full article →Four refiners indicted over alleged W14.2tr fuel collusion after US-Iran war
South Korean prosecutors indicted the country’s four major oil refiners Monday on fair trade charges, including allegations that two of them colluded to raise fuel prices after the outbreak of war between the United States and Iran in March. The Seoul Central District Prosecutors’ Office estimated that the alleged collusion by HD Hyundai Oilbank and SK Energy caused 14.2 trillion won ($9.27 billion) in direct anticompetitive impact. Including the ripple effect from GS Caltex and S-Oil following
By The Korea Herald
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