Seoul, July 6 (IANS) Prosecutors said on Monday they have indicted major domestic refiner HD Hyundai Oilbank and two company officials in a price-fixing case believed to be worth 26 trillion won ($17 billion) following the outbreak of the US-Iran war.The company is accused of engaging in collusive activities to raise prices of petroleum products after the war triggered sharp rises in global energy prices in late February, according to the Seoul Central District Prosecutors Office, reports Yonhap…
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Seoul, March 9 (IANS) South Korean companies are seeking responsive measures to cope with soaring international oil prices as turmoil in the Middle East continues, industry sources said on Monday, while the government called for efforts to stabilise domestic fuel prices.Major companies here, including Samsung Electronics Co., SK Group, Hyundai Motor and Hanwha Group, have held emergency meetings over the past few days to monitor the volatility in the global energy market and come up with ways to…