Prosecutors indict HD Hyundai Oilbank in 17 billion price-fixing case after Iran war outbreak
• South Korean prosecutors have indicted HD Hyundai Oilbank and two of its officials for their involvement in a massive price-fixing scheme. • The case is estimated to be worth 26 trillion won (approximately $17 billion) and allegedly occurred following the outbreak of the US-Iran war. • This legal action highlights the government's crackdown on market manipulation within the domestic refining industry to protect consumers from artificial price hikes.
prokerala.com


