Industry ministry launches audit into 'fake news' incident

Park Il-jun, executive vice chairman of the Korea Chamber of Commerce and Industry (KCCI), bows in apology as he attends an emergency meeting of representatives of the country's six major business lobby groups convened by Industry Minister Kim Jung-kwan in Seoul on Feb. 9, 2026. The industry ministry, which has launched an audit into a "fake news" incident involving the KCCI, held the meeting a few days after President Lee Jae Myung scolded the KCCI for "intentionally" spreading fake news that wealthy Koreans are leaving the country due to high inheritance tax. (Yonhap)

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