Saturday, January 10, 2009

South Korean blogger arrested - almost causes economy to collapse

When bloggers get arrested, you know people are really getting desperate to cast stones of blame.
clipped from
A self-styled financial market prophet known by his Internet name, Minerva or by his family name, Park, leaves a Seoul court

SEOUL, South Korea – A South Korean blogger pleaded not guilty Saturday to charges that he spread false economic information on the Internet, a news report said, in a case that drew heated debate over freedom of speech.

The blogger, identified only by his surname Park, gained prominence among South Koreans because some of his dire predictions about the global economy, including the collapse of Lehman Brothers, later proved to be correct.

Known widely by his pen name "Minerva," the mythological Greek goddess of wisdom, the 31-year-old Park was accused of spreading false information on an Internet discussion site last month that the government had ordered major financial institutions and trade businesses not to purchase U.S. dollars.

Kim Yong-sang, a judge at the Seoul Central District Court who issued an arrest warrant for Park following Saturday's court hearing, said the case "affected foreign exchange markets and the nation's credibility," Yonhap news agency reported.

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