Choi Eun-young, former head of South Korean ocean carrier Hanjin Shipping, was summoned by prosecutors Wednesday over suspicions of insider trading.
Former head of South Korean ocean carrier Hanjin Shipping, Choi Eun-young, was summoned by prosecutors Wednesday over suspicions of insider trading, according to South Korean news agency Yonhap.
Choi and her two daughters are suspected of selling Hanjin stocks in April after obtaining information that the company would go through a credit-debt restructuring. The sale was finalized a few days before Hanjin decided to apply for a creditor-led debt revamp and a self-rescue program.
Choi is currently the chairwoman of Eusu Holdings Co., which separated from Hanjin in May 2015.
“I will fully cooperate with the investigation,” she said.
Earlier in the year, Choi’s home and offices were raided, and prosecutors have also been talking to officials at Hanjin Shipping as they pursue their insider trading investigations, according to maritime news outlet Splash.
Former Hanjin chairwoman faces insider trading charges
