South Korea Police Arrests 6 Over Spreading N. Korea Rumors
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South Korean police arrested six people for spreading false rumors about a North Korean nuclear reactor explosion on Jan. 6 to manipulate the stock market.
The six, including two office workers and a university student, conspired to circulate rumors through instant-messaging that a light-water reactor exploded in North Korea and radiation had leaked, the National Police Agency said in a statement posted on its website today. They made 61 million won ($54,314) in profits from spreading rumors to move financial markets, according to the police.