South Korea stock exchange to review Hyundai officials’ trades

by SpeedLux
2016 Hyundai Veloster

South Korea’s stock exchange will start a review next week to examine if executives of Hyundai Motor may have used undisclosed data to trade shares following reports of a tie-up with Apple, an exchange spokeswoman said.

Shares of Hyundai increased 21% between its initial confirmation of talks on autonomous vehicles between the two companies and an announcement last week that the talks were off.

Previously on Wednesday, top financial regulator Eun Sung-soo, the chairman of the Financial Services Commission (FSC), informed a parliament committee the exchange review could start next week.

In a filing last week, the automaker said it was not in talks with Apple on autonomous vehicles, just a month after having confirmed early-stage talks with the tech giant.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More