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Search results for Broadcasting Act

Telecommunications & Media

KCCM initiates review of SK Broadband change approval for corporate split

The Korea Communications and Media Commission (KCCM) is starting a review of a change approval request related to SK Broadband\'s corporate split. SK Telecom plans to split SK Broadband into a surviving entity for wired telecoms and media and a new entity, SK Horizon, for AI data centres and submarine cable business. KCCM also received a plan to pursue administrative sanctions against YTN and Yonhap News TV, and approved a 30 million won penalty for IHQ.

Telecommunications & Media

Bill to support programme production by small broadcast channels approved

South Korea has created a legal basis for the government to support programme production by small and mid-sized programme providers (PPs) facing difficult business conditions. The Broadcasting, Media and Communications Commission said a partial amendment to the Broadcasting Act was approved at a cabinet meeting on Oct. 13. The amendment allows support for PPs classified as small businesses under the Framework Act on Small and Medium Enterprises, excluding general programming, news and home shopping PPs.

Telecommunications & Media

Broadcast Media Telecommunications Commission orders D\'Live to draw up debt ratio reduction plan within 3 months

South Korea\'s Broadcast Media Telecommunications Commission ordered cable operator D\'Live to prepare a plan within three months to cut its debt ratio, including a capital increase, after it breached a re-licensing condition. The regulator rejected D\'Live\'s request to extend the compliance period to six months. D\'Live must submit the plan and obtain approval. The commission warned of follow-up measures under the Broadcasting Act if the order is not implemented.