By Wooyoung Lee ( July 6, 2026, 07:59 GMT | Insight) -- South Korea’s major oil refiners — HD Hyundai Oilbank, SK Energy, GS Caltex and S-Oil — and their executives face charges of raising fuel prices following the outbreak of the war in Iran, resulting in fuel-price hikes throughout the country. The Seoul Central District Prosecutors’ Office said Monday that it indicted three executives from HD Hyundai Oilbank for allegedly exchanging pricing information before the conflict and coordinating fuel-price increases after the war began. One of the executives was indicted with detention on charges of orchestrating the scheme.South Korea’s major oil refiners — HD Hyundai Oilbank, SK Energy, GS Caltex and S-Oil — and their executives face charges of raising fuel prices following the outbreak of the war in Iran, resulting in fuel-price hikes in throughout the country....
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