South Korean Economic Blogger Acquitted (For Now)

from the phew dept

Earlier this year, we were quite troubled by news reports out of South Korea, concerning a (formerly) anonymous blogger who had been arrested for his financial commentary online that had been so good that it moved markets. He was charged with "spreading false rumors," when in reality the problem was that the info he was spreading was pretty accurate, and that was the problem. But, the good news is that he's now been acquitted, as the court noted that there was no evidence that the guy intended to spread false information, and that he appears to have believed the content he was writing. Of course, the case may not be over yet, as many expect the government to appeal.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: blogging, free speech, predictions, rumors, south korea


Reader Comments

Subscribe: RSS

View by: Time | Thread


  • identicon
    TheStuipdOne, 22 Apr 2009 @ 8:35am

    Makes me wonder

    If I say that google stock is about to tank (and i don't have any information to indicate that at all), and 90% of google shareholders believe me and sell all of their shares so the stock does fall off a cliff ... would I have spread false information?

    I made a prediction and it came true, but my prediction made it come true.

    Similar to when a stock rating is changed to 'poor' or 'sell' and then the people behind the rating buy up the stock

    link to this | view in chronology ]


Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Loading...
Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it
Close

Email This

This feature is only available to registered users. Register or sign in to use it.