Former Hanjin Shipping chief in alleged illegal stock trading probe

A companion piece to our news today that Hanjin’s creditors have been called in for debt restructuring talks. The Korea Times today reports that the company’s former chair, Choi Eun-yeong, and her two daughters are under investigation for alleged insider trading. The probe centres on the sale of their entire stake this month, before the company announced its intention to enter voluntary receivership. “Market watchers say Choi may have saved some W500m because the share price dropped sharply after it announced that it was filing for receivership.”