South Korean prosecutors are investigating seven major petrochemical companies, including LG Chem and Hanwha Solutions, for alleged price collusion. The investigation, initiated after the Korea Fair Trade Commission found suspicious activity in May, focuses on suspected pre-negotiation of price increases for various petrochemical products over several years. This probe targets products such as PVC, plasticizers, caustic soda, and hydrochloric acid. AI
RANK_REASON Regulatory action by a government body against multiple major companies. [lever_c_demoted from significant: ic=1 ai=0.0]
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