Former Hanjin chairman faces prosecutors’ insider trading charges

Former Hanjin chairman faces prosecutors’ insider trading charges

Choi Eun-young, the former head of Hanjin Shipping, appeared before prosecutors in Seoul today, accused of insider trading.

Choi, and her daughters, sold their stockholding in the Korean line days ahead of the company announcing a resturcuting, with prosectors convinced the sell off came from a tip off from sources within the shipping line.

“I will fully cooperate with the investigation,” she told reporters before entering the prosecutor’s office.

Choi’s home and offices have been raided earlier in the year, and prosecutors have also been talking to officials at Hanjin Shipping as they pursue their insider trading investigations.

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.

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