AsiaFinance and Insurance

Ex-Hanjin chairwoman summoned again on allegations of insider trading

Hanjin Shipping’s ex-chairwoman Choi Eun-young has been summoned again by the Seoul Southern District Prosecutors’ Office on suspicion of illegal insider trading.

Choi is accused of selling Hanjin Shipping stocks in April, just before the Korean line announced it would undergo a creditor-led debt restructuring.

The charges accuse Choi of violating Korea’s Financial Investment Services and Capital Markets Act.

On June 14, a court in Seoul threw out a prosecution request for an arrest warrant for Choi on the grounds of insufficient evidence.

This time around, prosecutors say they are planning to request that the court issue the writ again by backing up the possibility of Choi destroying evidence, according to reports from Korea’s Yonhap news agency.

Choi currently heads Eusu Holdings, which separated from the Hanjin Group in May last year.


Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.
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