Monday, April 20, 2009

Park Dae-sun Acquitted

He is a prominent Korean economic blogger who was was brought up on charges for making dire predictions:
Mr. Park, an unemployed 31-year-old, gained an almost prophet-like status among many South Koreans after he correctly predicted the collapse of the U.S. investment bank Lehman Brothers, the crash of the South Korean currency — the won — and the effects on South Korea of the U.S. subprime mortgage crisis.
It appears that he also published some data in error, such as when he, "wrote that the government had banned financial firms and major companies from buying dollars in an effort to arrest the fall of the Korean won," and the government charged him with, "spreading false data in public with a harmful intent," and faced up to 5 years in prison. (!)

Considering my accuracy, I'd be facing life without parole.

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