SKorean Internet pundit to study economics in US: report | world | Hindustan Times
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SKorean Internet pundit to study economics in US: report

A self-taught Internet pundit who was prosecuted but acquitted over his criticism of South Korea’s economic policy will now study economics full-time in the United States, a newspaper reported.

world Updated: Jun 05, 2009 12:53 IST

A self-taught Internet pundit who was prosecuted but acquitted over his criticism of South Korea’s economic policy will now study economics full-time in the United States, a newspaper reported on Thursday.

Park Dae-sung, 30, will enrol in a community college in Virginia by next May and then transfer to George Mason University to major in economics, his lawyers told the Korea Times.

Park, better known by his Internet alias “Minerva,” has shown a keen understanding of futures, in particular in trade in raw materials, they said.

A Korean-American businessman undertook to support Park financially after reading an interview he gave to a US newspaper, they were quoted as saying.

Park wrote more than 200 economic commentaries and gained a major following after correctly predicting the collapse of US investment bank Lehman Brothers last September.

He also warned about the won’s sharp fall against the dollar and the local stock market crash.

He was arrested in early January and charged with spreading false rumours that the Seoul government had ordered local banks not to buy dollars as part of efforts to stabilise the won.

Park was released in April after a court found him not guilty.

Until his arrest his identity was a mystery.

“Minerva” was rumoured to be a retired financial market worker with a foreign degree given the technical accuracy of some of his work.

Prosecutors said he was in fact a jobless man whose knowledge of foreign exchange markets was acquired entirely through self-education.