South Korea regulator not probing Hyundai executives' share sales: official

FILE PHOTO: The logo of Hyundai Motors is seen on a steering wheel on display at the company’s headquarters in Seoul, South Korea, March 22, 2019. REUTERS/Kim Hong-Ji

SEOUL (Reuters) – South Korea’s Financial Supervisory Service (FSS) is not currently investigating Hyundai Motor executives’ share sales, a regulatory official said on Tuesday.

The official, who asked not to be identified, made the statement amid concerns of insider trading by Hyundai executives after stock sales following reports of a possible cooperation between Hyundai and Apple.

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