President Lee Urges Domestic Media to Learn from Bloomberg's Correction on "National Dividend" Report

President Lee Jae-myung stated on May 21 that he hopes some domestic media outlets, which repeatedly refuse to issue corrections and persistently engage in politically motivated manipulation and distortion of news, will take Bloomberg's recent correction of Policy Chief Kim Yong-bum's “national dividend” article as an example to follow.

On the morning of the same day, President Lee wrote on X (formerly Twitter), “While some outlets misreported that Policy Chief Kim Yong-bum was advocating excess profit dividends, when in fact he was referring to excess tax revenue dividends, a foreign media outlet corrected its mistake... How dignified and admirable is this display of journalistic integrity and pride?”

President Lee Jae-myung is speaking at the Cabinet Meeting and Emergency Economic Inspection Meeting held at the Blue House on May 20, 2026. Photo by Yonhap News Agency

He further emphasized, “Media organizations that deliberately create and spread fake news through manipulation and distortion, in order to support particular groups or attack someone, could never demonstrate such an attitude.”

On May 14, the Blue House sent a letter of protest to Bloomberg regarding its report on Chief Kim’s Facebook post. According to the article shared by President Lee, after receiving the letter, Bloomberg made corrections to certain expressions in the article, such as changing the word “tax” to “excess tax revenue.”

This content was produced with the assistance of AI translation services.