{"id":17923,"date":"2026-08-05T06:29:56","date_gmt":"2026-08-05T06:29:56","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=17923"},"modified":"2026-08-05T06:29:56","modified_gmt":"2026-08-05T06:29:56","slug":"south-korea-raids-petrochemical-firms-in-price-fixing-probe-media-reports","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/17923\/","title":{"rendered":"South Korea raids petrochemical firms in price-fixing probe, media reports"},"content":{"rendered":"<p><span class=\"pre-content-text\"><a style=\"color: #0038a8;\" href=\"https:\/\/roydadnaft.ir\/English\/\">RoydadNaft &#8211; <\/a><\/span>\u00a0South \u200cKorean prosecutors searched seven petrochemical companies as part of an investigation into alleged price fixing involving products such as caustic soda and polyvinyl chloride (PVC), a media report said on Wednesday.<\/p>\n<div data-testid=\"paragraph-1\" data-reader-unique-id=\"39\">The Seoul Central \u2060Prosecutors&#8217; Office raided the offices of Hanwha Solutions, LG Chem, Aekyung Chemical, Unid Co., PKC, OCI and Lotte Fine Chemical, the Hankyoreh newspaper reported, without citing a source.<\/div>\n<p data-reader-unique-id=\"74\">The prosecutors were investigating allegations that companies colluded to raise the price of eight products over several years, \u200cincluding \u2060caustic soda and PVC, the report said.<\/p>\n<p data-reader-unique-id=\"75\">The probe is part of the government&#8217;s efforts to crack down on illicit activities that \u2060inflate prices of petroleum products amid higher oil prices, according to the newspaper.<\/p>\n<p data-reader-unique-id=\"76\">The prosecutors&#8217; office did \u2060not immediately respond to a request for comment.<\/p>\n<p data-reader-unique-id=\"89\">Hanwha, Aekyung, Unid and OCI also did not immediately \u2060respond to requests for a comment, while LG, Lotte and PKC declined to comment.<\/p>\n","protected":false},"excerpt":{"rendered":"South \u200cKorean prosecutors searched seven petrochemical companies as part of an investigation into alleged price fixing involving products such as caustic soda and polyvinyl chloride (PVC), a media report said on Wednesday.","protected":false},"author":1,"featured_media":17924,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47,46,36,19,21,35],"tags":[],"services":[],"class_list":["post-17923","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-international","category-lastnews","category-news","category-petrochemical","category-topnews"],"_links":{"self":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/17923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/comments?post=17923"}],"version-history":[{"count":1,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/17923\/revisions"}],"predecessor-version":[{"id":17925,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/posts\/17923\/revisions\/17925"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media\/17924"}],"wp:attachment":[{"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/media?parent=17923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/categories?post=17923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/tags?post=17923"},{"taxonomy":"services","embeddable":true,"href":"https:\/\/roydadnaft.ir\/English\/wp-json\/wp\/v2\/services?post=17923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}