Woori Investment Securities has completed its largest acquisition financing arrangement since its launch, as it expands participation in big-ticket investment banking deals after a 1 trillion won rights issue. The firm said it completed on June 30 the acquisition financing arrangement for a deal in which a consortium led by STIC Alternative Asset Management and Korea Investment Private Equity is buying stakes in Ulsan GPS and SK Multi Utility. The overall transaction is worth 1.6 trillion won.

South Korea\'s cable TV system operators urged the government to ease their broadcast development fund burden, stressing local channels\' role as public infrastructure. At a seminar at the National Assembly on June 30, speakers said local channels provide closely targeted reporting, election coverage and disaster broadcasting. Researchers presented a hyperlocal media index and said cable channels in South Gyeongsang and Ulsan outperformed terrestrial and private broadcasters in local coverage. Regulators said more discussion is needed.