Exchange puts Hanjin Shipping in trading halt

By Ko Dong-hwan

Hanjin Shipping was temporarily suspended from stock trading on Wednesday morning.

The brake on Korea’s major container company occurred after the company’s stock price soared four days in a row.

The Korea Exchange warned Tuesday that if the rises continued it would push the company, now on a warning list, off the trading platform.

“Because the company is now considered dangerous for investors, the hike in its stock price could trigger a temporary suspension in trading,” a Korea Exchange monitoring official said.

“If the ascension continues, the company will see more suspensions.”