Hyundai execs face stock trade investigation over inside ‘Apple Car’ information

South Korea authorities are investigating whether Hyundai used undisclosed information to profit from share trading before revealing its “Apple Car” talks had ended.

Between announcing that it was working with Apple on the “Apple Car,” and then revealing that talks were over, Hyundai saw its share value rise 21%. Now the South Korea stock exchange is going to investigate whether the car manufacturer profited from any “wrongdoing” during this period.According to Reuters, the chairman of the region’s Financial Services Commission (FSC), Eun Sung-soo, has told a parliament committee that investigations may begin next week.

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