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

FILE PHOTO: The Hyundai booth displays the company logo at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. REUTERS/Jonathan Ernst/File Photo

(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.