South Korea's Seoul Central District Prosecutors' Office indicted six petrochemical companies and 37 current and former executives and employees over alleged price fixing involving products valued at 16.3961 trillion won, or about $12.0 billion. The indictment, announced on October 1, revises an earlier reported total of 43 individuals. LG Chem, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC and Unid allegedly coordinated prices for eight products from November 2021 through April this year. The case also involved alleged coordination of price notices, personnel handovers, communications and bids. OCI Vice Chairman and CEO Kim Yu-shin and former PKC CEO Jang Young-soo were among those indicted. A former PKC sales head surnamed Bae and a former LG Chem business-division head surnamed Hwang were referred to trial while detained. Hanwha Solutions, initially investigated, was not prosecuted after cooperating with the probe.