Koo Yun-cheol: 'Claims of forced dollar sales are clearly fake news... will respond firmly'

Source
Korea Economic Daily

Summary

  • Deputy Prime Minister Koo Yun-cheol said claims that the government will force the sale of U.S. dollars are clearly fake news that have never been discussed at all.
  • Koo said that rumors of forced U.S. dollar sales related to an Emergency Fiscal and Economic Order to respond to the crisis from the prolonged war in the Middle East are being circulated on online communities and blogs.
  • Koo warned that the spread of baseless fake news could trigger market anxiety and undermine confidence in policy, and said the government would respond firmly, including by requesting a police investigation.

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Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol. Photo=Ministry of Economy and Finance
Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol. Photo=Ministry of Economy and Finance

Deputy Prime Minister and Minister of Economy and Finance Koo Yun-cheol said on the 2nd that "claims that the government will force the sale of U.S. dollars are clearly fake news that have never been discussed at all."

In a post on social media (SNS) that day, Koo said, "In connection with references such as an 'Emergency Fiscal and Economic Order' to respond to the crisis stemming from the prolonged war in the Middle East, claims that the government will force the sale of U.S. dollars have been circulated on some online communities and blogs," adding that this was the case.

Koo warned, "In an extraordinary crisis situation, the spread of baseless fake news can trigger market anxiety and undermine confidence in policy, so special caution is needed," and added, "We will take firm action, including requesting a police investigation, against those who spread such fake news."

Reporter Park Soo-rim, Hankyung.com paksr365@hankyung.com

Korea Economic Daily

Korea Economic Daily

hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
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