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Hanmi Toughens Controls As Employees Arrested For Insider Trading

 
• By Jung Won Shin

Prosecutors' two-month probe into Hanmi Pharmaceutical has concluded without a big bang after they found the South Korean firm did not intentionally delay the disclosure of a licensee decision to end a cancer drug partnership, but several employees have nevertheless been arrested over improper information leakage.

South Korean prosecutors have arrested four employees of Hanmi Science, the holding company of South Korea’s Hanmi Pharmaceutical Co. Ltd., on charges of leaking undisclosed information and making illegal stock trading profits using the information.

Two others were indicted without detention, while 11 were summarily indicted in the investigation. A total of 45 people, including...

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