Justice Minister Jeong Seong-Ho: “14 Trillion Won in Public Damages Due to Oil Price Collusion… Will Hold Those Strictly Accountable”
2 Articles
2 Articles
Justice Minister Jeong Seong-ho stated on the 19th, “Oil price manipulation is a serious crime that shakes the national economy,” adding, “The Ministry of Justice and the prosecution will uncover the truth behind oil price collusion and hold those responsible strictly accountable.” This follows the arrest on the 18th of a working-level official from the price-setting department of HD Hyundai Oilbank, one of the largest domestic oil refiners, on …
[Digital Daily Reporter Kim Yoo-jin] An incumbent department head at HD Hyundai Oilbank has been arrested on suspicion of price collusion. The prosecution is investigating allegations that Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil, and HD Hyundai Oilbank—artificially manipulated fuel prices. On the 18th, Judge Bu Dong-sik, the presiding judge in charge of warrants at the Seoul Central District Court, issued an arrest warrant f…
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