{
  "id": 7276146,
  "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",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T08:32:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "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 sought arrest warrants for eight executives from petrochemical companies, including CEOs of OCI and PKC, for allegedly engaging in price fixing involving several trillion won worth of products. The companies suspected of colluding include LG Chem, Hanwha Solutions, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC, and Unid, and are accused of raising prices for eight petrochemical products including PVC, plasticizers, caustic soda, and hydrochloric acid. The price fixing is believed to have taken advantage of supply disruptions in naphtha caused by the Middle East conflict, resulting in illicit profits for the companies. The Seoul Central District Prosecutors Office conducted simultaneous raids on the companies on August 5 and questioned Kim Yoo-shin and Jang Young-soo 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-7273954",
        "published": "2026-09-14T08:22:03.000Z"
      }
    ]
  },
  "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."
}