Former Hanjin boss charged with insider trading

Former Hanjin boss charged with insider trading

The former chairman of Hanjin Shipping was indicted on Friday on charges of insider trading. Choi Eun-young stands accused of selling stocks in the troubled Korean carrier last April days ahead of the line announcing it would enter a creditor-led restructuring. She was chairman of Hanjin through to May 2015 and is thought to have been tipped off about the restructuring via senior officials at Hanjin in Seoul in March last year.

Choi’s home and office were raided last year by prosecutors in a lengthy investigation.

Hanjin filed for court receivership at the end of August becoming the largest bankruptcy in container shipping history.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts