According to CoinMeta, and as reported by Korean media, the South Korean prosecution has launched a compulsory investigation into domestic petrochemical companies suspected of colluding on the prices of products such as polyvinyl chloride (PVC) and plasticizers, taking advantage of the situation in the Middle East wars. According to legal sources, on the morning of the 5th, the Fair Trade Investigation Department of the Seoul Central District Prosecutors' Office conducted surprise searches at the locations of seven companies, including LG Chem, Hanwha Solutions, Aekyung Chemical, OCI, Lotte Fine Chemical, PKC, and UNID, on charges of violating the Fair Trade Act.