Kim Min-seok: 'The economy is psychological... we will respond strictly to fake news using all means'
South Korean Prime Minister Kim Min-seok has announced a strict response to the spread of fake news aimed at inciting panic regarding the economic impact of the Middle Eastern crisis.
On December 3, Prime Minister Kim Min-seok held a meeting regarding the situation in the Middle East, emphasizing the detrimental effects that panic-inducing fake news can have on the economy. He declared that the government would take strong legal action against anyone distributing misinformation that could worsen economic conditions, stating that accurate information is crucial at this time. Kim pointed out the volatile nature of the current international economy and urged government agencies to monitor and correct any false narratives swiftly.
In light of escalating military conflicts and potential disruptions such as the blockade of the Strait of Hormuz, Kim acknowledged the turbulence in the global economy and its effects on South Korea's financial market. He reassured the public that the South Korean economy remains resilient and that the government is prepared for the challenges ahead. The Prime Minister called for calm and urged citizens to maintain their daily lives while the government actively addresses the threats posed by misinformation.
Furthermore, Kim directed relevant ministries to ensure the safety of overseas citizens and troops while also preparing for the safe return of short-term travelers. He stressed the importance of monitoring financial markets closely and suggested that economic authorities be ready to implement necessary stabilization measures. In addition, he advised departments to inspect the transportation and stockpiling of oil to avoid any energy supply issues and ensure the safety of South Korean vessels and seafarers. The government's proactive stance is aimed at mitigating the potential impacts of the Middle Eastern crisis on the South Korean economy, demonstrating a commitment to safeguarding national interests and public confidence.