Former Hanjin Shipping chairwoman Choi Eun-young has received an 18-month jail term for insider trading.

The 55-year-old was found guilty at Seoul central district court of selling off her family's stock in the defunct shipowner just before it filed for a court-led restructuring in April, 2016.

She was also ordered to pay a KRW 1.2bn ($1.09m) fine and forfeit KRW 503m, the Yonhap news agency reported.