Overview
- Industry Minister Kim Jung-kwan ordered an audit into how the Korea Chamber of Commerce and Industry prepared, verified and distributed the press release.
- The KCCI issued a formal apology and announced a verification overhaul, including staff training and a strengthened fact-check function in its research arm.
- National Tax Service data cited by officials shows only about 139 people per year with assets of at least 1 billion won reported moving abroad, contradicting the 2,400 estimate.
- President Lee Jae Myung labeled the KCCI’s statement “intentional” fake news and vowed legal accountability, calling it an enemy of democracy.
- The main opposition People Power Party criticized Lee’s response as abusive and intimidating, arguing he prematurely judged the KCCI’s intent.