Former Hanjin chairwoman investigated for alleged insider trading

Given what we now know about Hanjin, the fact that its former chairwoman Choi Eun-young disposed of her shares, for $2.7m, in April seems worthy of an investigation – and the Korean authorities think so too. She would have lost $1m if the sale – which took place just a few days before the company applied to restructure its debt – had not proceeded. Ms Choi insists, however, that she had no idea the company was in financial trouble and she had just wanted to pay off some personal debts. Her debts cannot have been too bad, however, this month she pledged to provide Hanjin with $9m of her own money, claiming a “heavy sense of moral responsibility”.