Tag - 248 shares

Moral hazard issue flares up again amid corporate restructuring

With Korea on the verge of a massive corporate restructuring, controversy has resurfaced over entrepreneurial moral hazards following the sale of shares in a financially troubled shipper by the family of its former chairwoman, watchers said Wednesday. According to a recent regulatory filing, Choi Eun-yeong, former chairwoman of Hanjin Shipping, and her two daughters sold their entire 0.39 percent stake, or 669,248 shares, in Korea’s biggest container carrier between April 6-20. The controversial stock sale was completed two days before Hanjin [...]