Excessive Stakes: The Toll of Faux Information on Company Leaders and Their Companies

Not solely celebrities and politicians, but in addition conglomerate leaders endure from faux information that goes too far.

The harm is nice, with the corporate’s picture plummeting and its inventory value fluctuating, however the punishment for individuals who unfold the phrase is simply delicate.

Reporter Choi A-young experiences.

[기자]

Final June, rumors of the loss of life of Chung Mong-koo, honorary chairman of Hyundai Motor Group, unfold past non-public info magazines to YouTube.

It was false info out of the blue, however because the inventory value of its associates fluctuated enormously, Hyundai Mobis ultimately issued a refutation announcement that was unfounded.

SK Chairman Chey Tae-won, who obtained consideration for the divorce of the century, was additionally a sufferer of pretend information.

On some YouTube channels, every kind of unusual rumors have been rampant, from rumors of the chairman’s dismissal to rumors of an arrest investigation.

It is all nonsense, however one specific video reached 250,000 views.

Final June, the inventory value of Samsung Electronics fell about 80,000 received resulting from rumors that 1 trillion value of wafer disposal had been received.

Final yr, there was a giant rip-off on YouTube that deceived buyers by claiming that Chairman Lee Jae-yong had invested the coin.

Particularly, since this coin was given totally free on the particular order of Chairman Lee Jae-yong, this coin started to rise by 5,000% sooner or later.

On this approach, not solely celebrities and politicians but in addition company heads change into targets of pretend information.

The issue is that such false info has a adverse impression not solely on the events concerned, but in addition on firms and minority shareholders.

[이정환 / 한양대 금융경제학부 교수 : “가짜뉴스가 널리 퍼지게 되면 단기간에 주가 변동성이 커지게 되고요. /소액 투자자들이 보통 단기 투자를 많이 하기 때문에 이런 변동성에 따라 손실을 볼 계기도 많아서…./ 정보에 노이즈를 많이 주기 때문에 (기업 가치에도) 부정적인 영향을 미칠 수 있다고 보면 될 거 같습니다.”]

Nonetheless, the punishment for individuals who unfold it’s only mild.

Beneath the Data and Communications Community Act, for those who defame somebody with false info, you could be sentenced to as much as 7 years in jail or fined as much as 50 million, however in actuality, most individuals are fined as much as 2 million received. .

As seen within the current ‘YouTuber Tzuyang blackmail incident’, as malicious information concentrating on fame has change into a method of making a living, voices are rising that the income of those that unfold it needs to be confiscated and even age to pay punitive damages.

That is Choi Ayoung’s YTN.

Video modifying: Su-min Han
Design: Saetbyeol Lim

YTN Choi Ayoung (cay24@ytn.co.kr)

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