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Telecommunications & Media
Broadcasting Media Telecommunications Commission cuts YTN, Yonhap News TV approval period by 3 months over CEO recommendation committee
South Korea\'s Broadcasting Media Telecommunications Commission imposed a three-month cut to the approval validity period for YTN and Yonhap News TV for failing to form a CEO recommendation committee required under the Broadcasting Act. The commission ordered both broadcasters to rectify the violations by Oct. 10. It said earlier corrective orders issued in May were not met by the July deadline and noted the violations have persisted for about a year since the law took effect.
Telecommunications & Media
Broadcast media telecoms commission fails to launch hearing on YTN top shareholder as opposition members boycott
South Korea’s Broadcast Media and Telecommunications Commission was unable to vote to begin a hearing on whether to cancel approval of Eugene ENT’s change in its status as YTN’s largest shareholder after failing to meet a quorum. Opposition-nominated members Choi Soo-young and Lee Sang-geun refused to take part and left, saying courts should rule first. Remaining members said a hearing is needed to hear the company’s views and pledged to revisit the issue.
Telecommunications & Media
U.S. Broadcast Media and Telecommunications Commission to decide follow-up action after approving YTN largest shareholder change
The Broadcast Media and Telecommunications Commission is expected to put follow-up administrative measures on the agenda soon over whether its approval of YTN’s largest shareholder change for Eugene ENT was flawed. Many commissioners agreed the approval process had problems, including a decision by a two-member panel, but differed over whether this warrants ex officio cancellation and on timing. Views ranged from calling the approval void or subject to cancellation to urging caution until court rulings and investigations conclude.
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Finance
Kiwoom Securities Q2 operating profit up 93 percent to 789 billion won
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AI & Enterprise
Commercial security services based on advanced AI models spread
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AI & Enterprise
Ent raises $100 million seed round to develop intent-based AI agent security platform
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AI & Enterprise
Konan Technology supplies all-in-one AI server appliance to aT
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AI & Enterprise
Konan Technology unveils new Konan LLM model with stronger agentic AI
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Finance
Semiconductor duo drives Q4 as national pension stock value rises nearly 70 trillion won
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Finance
Korea Exchange holds meeting with firms included in Korea Value-up index
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Telecommunications & Media
Court cancels KCC approval of YTN top shareholder change