Tuesday, January 27, 2009

South Korean Econ Blogger Jailed

In South Korea, economics blogger Park Dae-Sung--writing under the pseudonym "Minerva"--has been arrested for "spreading false rumors" in wake of the financial crisis. Back in the fall, Park was forecasting the upcoming troubles while the South Korean government predicted that there would only be moderate economic disruption, and then continued growth.

The problem was, Park was correct. South Korean President Lee Myung-Bak, whose approval ratings are at 15% (take that, former President Bush!), is perceived to have arrested Park because he made the president look bad.

"His crime was to have a large following and to make the government look bad," said Song Ho-chang, an attorney with Lawyers for a Democratic Society. "If a court does find Minerva guilty, everyone will be afraid to express an opinion online."

Lends new meaning to the phrase "Man, I hate it when I'm right..."

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