A court in Seoul threw out a prosecution request yesterday for an arrest warrant for a former Hanjin Shipping boss accused of insider trading.
Choi Eun-young, who stepped down as Hanjin chairman last year, was accused of getting insider information to sell company stocks just ahead of the line announcing a restructuring in April.
The court said evidence gathered so far was insufficient, while Choi was considered a flight risk.
Choi has denied the charges, claiming she only sold the stocks to pay back her debts.
