By Wooyoung Lee ( March 23, 2026, 04:43 GMT | Insight) -- Major South Korean oil refiners — SK Energy, GS Caltex, S-Oil and HD Hyundai Oilbank — are being raided by prosecutors over collusion allegations, the Korea Prosecution Service confirmed Monday, with search-and-seizure operations ongoing. The raids come as part of the Lee Jae Myung administration’s push to bring surging oil prices under control amid the war in Iran.Major South Korean oil refiners — SK Energy, GS Caltex, S-Oil and HD Hyundai Oilbank — are being raided by prosecutors over collusion allegations, the Korea Prosecution Service confirmed Monday, with searches ongoing....
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