Pinocchio centers on Ki Ha-myung and Choi In-ha, two individuals bound together by a tragic past and an unconventional family dynamic. After a catastrophic factory explosion leads to media sensationalism that vilifies Ha-myung’s firefighting father and destroys his family, Ha-myung is rescued from the sea by an elderly man with memory loss who mistakes him for his deceased son, Choi Dal-po. Adopting this new identity, Dal-po is raised alongside In-ha, the elderly man's granddaughter, who suffers from the fictional Pinocchio Syndrome—a physical condition causing violent hiccups whenever she speaks a lie.
As Dal-po conceals his sharp intellect behind an unassuming exterior, he discovers that In-ha's estranged mother is Song Cha-ok, the ruthless television anchor whose sensationalized reporting orchestrated his family's downfall. Despite the painful connection, Dal-po develops deep romantic feelings for In-ha. Motivated by different imperatives—In-ha striving to follow in her mother’s footsteps with radical honesty, and Dal-po seeking to reclaim his voice and uncover the truth—both enter the fiercely competitive world of broadcast journalism as rookie reporters for rival networks (YGN and MSC).
The series traces their turbulent journey alongside fellow rookie reporters Seo Beom-jo and Yoon Yoo-rae as they navigate high-stakes newsrooms, political corruption, and journalistic ethics. While confronting systemic media manipulation, personal grievances, and institutional cover-ups, Ha-myung and In-ha must decide whether the power of the microphone should be wielded for vengeance or used as an instrument of accountability and healing.
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