{
  "id": 7273954,
  "title": "Arrest warrants sought for 8 petrochemical executives over alleged price fixing",
  "url": "https://urgent.news/2026/09/14/arrest-warrants-sought-for-8-petrochemical-executives-over-alleged-7273954",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T08:22:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/southkorea/law-crime/20260914/arrest-warrants-sought-for-8-petrochemical-executives-over-alleged-price-fixing"
  },
  "original_language": "en",
  "account": null,
  "summary": "Prosecutors in South Korea have requested arrest warrants for eight executives from domestic petrochemical companies, including OCI CEO Kim Yoo-shin and former PKC CEO Jang Young-soo, over suspected price-fixing involving several trillion won. The investigation, which began with simultaneous raids on the companies on August 5, centers around allegations that seven companies - LG Chem, Hanwha Solutions, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC, and Unid - conspired for years to manipulate prices for eight petrochemical products. These products include PVC, plasticizers, caustic soda, and hydrochloric acid, which are crucial in various industries, from construction materials to wire insulation. Prosecutors suspect that the companies took advantage of supply disruptions in naphtha, caused by Middle East conflicts, to generate illicit profits. Kim and Jang were questioned as suspects on Thursday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Arrest warrants sought for 8 petrochemical executives over alleged price fixing",
        "url": "https://urgent.news/2026/09/14/arrest-warrants-sought-for-8-petrochemical-executives-over-alleged",
        "published": "2026-09-14T07:38:02.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Arrest warrants sought for 8 petrochemical executives over alleged price fixing",
        "url": "https://urgent.news/2026/09/14/arrest-warrants-sought-for-8-petrochemical-executives-over-alleged-7276146",
        "published": "2026-09-14T08:32:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}