{
  "id": 8147666,
  "title": "Court to hold arrest warrant hearings for 8 petrochemical executives over alleged price-fixing",
  "url": "https://urgent.news/2026/09/18/court-to-hold-arrest-warrant-hearings-for-8-petrochemical-executives-8147666",
  "topic": "world",
  "section": "World",
  "published": "2026-09-18T02:12:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "url": "https://www.koreatimes.co.kr/southkorea/law-crime/20260918/court-to-hold-arrest-warrant-hearings-for-8-petrochemical-executives-over-alleged-price-fixing"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Seoul Central District Court is scheduled to hold arrest warrant hearings on Friday for eight executives from domestic petrochemical companies suspected of price-fixing, according to The Korea Times. The individuals, including Kim Yoo-shin, CEO of OCI, and Jang Young-soo, former CEO of PKC, are accused of violating the fair trade law. Prosecutors suspect that seven companies - LG Chem, Hanwha Solutions, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC, and Unid - colluded for several years to raise prices for eight petrochemical products, resulting in illicit profits totaling several trillions of won. The price-fixing is believed to have taken advantage of supply disruptions in naphtha caused by the Middle East conflict, with PVC being the primary product affected.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Court to hold arrest warrant hearings for 8 petrochemical executives over alleged price-fixing",
        "url": "https://urgent.news/2026/09/18/court-to-hold-arrest-warrant-hearings-for-8-petrochemical-executives-8146970",
        "published": "2026-09-18T01:30:12.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Court to hold arrest warrant hearings for 8 petrochemical executives over alleged price-fixing",
        "url": "https://urgent.news/2026/09/18/court-to-hold-arrest-warrant-hearings-for-8-petrochemical-executives",
        "published": "2026-09-18T01:57:03.000Z"
      }
    ]
  },
  "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."
}