A Seoul court on Friday nullified a decision made by the now-defunct Korea Communications Commission (KCC) to approve Eugene ENT’s acquisition of local news broadcaster YTN, ruling that the approval was procedurally unlawful.
Prime Minister Kim Min-seok on Wednesday ordered an immediate investigation and audit of all sales of government assets pursued by both the current and previous administrations, including the controversial sale of local news channel YTN’s shares.
YTN apologized for broadcasting the wrong number on the ballot for Cho Kuk's Rebuilding Korea Party on Election Day morning.
Korea's broadcasting watchdog granted Eugene ENT approval to become the largest shareholder of YTN, a local news channel.
Eugene Group, a construction and finance conglomerate, will become the largest shareholder of YTN news broadcaster with a 30.95% stake, after winning the bid for $237 million.
Korea JoongAng Daily Sitemap
