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Telecommunications & Media

Kim Jong-cheol says private broadcasters are backbone of democracy, vows more production support

Kim Jong-cheol (김종철), chairman of the Broadcasting Media and Communications Commission, said on April 17 that private broadcasters have recorded local lives and served as a backbone protecting democratic values. Speaking at the 2026 Korea Private Broadcasting Day ceremony in Ulsan, he also met executives from nine private broadcasters including SBS, KNN, TBC and TBJ to discuss regulatory and policy issues for local broadcasting and to hear industry requests and difficulties.

Finance

President Lee says KOSPI 5,000 means Korean firms properly valued

President Lee Jae-myung (이재명) said on Jan. 23 that the KOSPI’s first-ever move above 5,000 points means South Korean companies are being properly valued and that this increases the wealth of all citizens. He said some people feel stock gains do not affect them and others suffered losses investing in inverse products. Lee reiterated that a rising index is positive because it boosts national wealth. He said the value of shares held by the national pension fund has risen to 250 trillion won, easing concerns about the fund running out.