Former Hanjin Shipping boss avoids arrest

Former Hanjin Shipping boss avoids arrest

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.

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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