Telecommunications & Media
Court cancels KCC approval of YTN top shareholder change
A Seoul administrative court cancelled the Korea Communications Commission’s approval of a change in YTN’s largest shareholder, citing an unlawful decision-making process by a two-member commission. The court said a collegial body requires at least three members to function properly. It dismissed a related lawsuit by the YTN union for lack of standing. The dispute arose after Yujin ENT acquired a 30.95 percent stake held by KEPCO KDN and the Korea Racing Authority.
