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Posting Bail in Korea is a Bitch

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By Barry Ritholtz - January 8th, 2009, 9:02PM

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Thank you for all the kind words and well wishes after my ordeal in Korea:

South Korea said on Thursday it had arrested an elusive blogger accused of undermining the country’s financial markets with his doom-mongering, ending a case that has illustrated government unease with the growing influence of online ­gossip in the world’s most-wired economy.

The case comes amid government efforts to combat negative comments on South Korea’s ailing economy in the media and from private sector economists. The export-dependent economy has been among the hardest hit in Asia by the global financial crisis.

The arrest and possible imprisonment of a web commentator will raise profound questions about freedom of speech in Korea, where bills that would crack down on civil rights are stirring tensions between lawmakers.

I’ll never tell how I got to Korea so quickly from my late afternoon appearance Wednesday in Manhattan, but . . .

Heh heh — thanks Paul . . .

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Source:
Financial blogger arrested in South Korea
Christian Oliver in Seoul
January 8 2009 17:54

http://www.ft.com/cms/s/0/092a99ca-ddab-11dd-87dc-000077b07658.html

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6 Responses to “Posting Bail in Korea is a Bitch”

  1. bcasey Says:
    January 8th, 2009 at 9:27 pm

    Bubble defense mechanisms engaged, BR dart trajectory interrupted, you now have ten seconds to reinforce your illusary market before spontanious implosion occurs.

  2. Transor Z Says:
    January 8th, 2009 at 10:01 pm

    I thought they arrested him for corrupting the minds of the youth of Athens. Wrong guy?

    Pass the hemlock, dude.

  3. Swampfox Says:
    January 8th, 2009 at 11:48 pm

    Really? That’s awesome!

    Talk about making a name for yourself. Glad they didn’t drop you off at the 38th parallel as punishment. That would really suck.

    Glad you’re alright. You are out of Korea, right?

  4. up2you Says:
    January 9th, 2009 at 2:10 am

    He was arrested because of forgery blogs not because of doom saying.

    One invented blog might ruin a country.

  5. Che Stadium Says:
    January 9th, 2009 at 6:05 am

    “Its this guy Kudlow you should arrest I tell you. K-U-D-L-O-W”

  6. cityunslicker Says:
    January 9th, 2009 at 6:25 am

    whilst we are having fun. Please put you entries hereforyour ‘Bad Country.’

    This plan is Bad Bank 2.0 on a macro scale; to save the world economy in a matter of days rather than years…