Broadcasting and Media Commission to Monitor JTBC Rehabilitation Filing, May Meet with CEO if Necessary

As it has been four days since JoongAng Holdings, the holding company of JoongAng Group, and its five affiliates including JTBC filed for corporate rehabilitation with the court, the Broadcasting and Media Commission, the competent authority, announced that it has formed a "secretariat inspection team" to monitor the situation on an ongoing basis.

Kim Jong-cheol, Chairperson of the Broadcasting and Media Commission, made the remarks during the 18th plenary meeting of the commission held at the Gwacheon Government Complex this afternoon (June 18).

Chairperson Kim stated, "Following JTBC's default, a corporate rehabilitation filing has occurred, and I believe it is necessary to address this for the record," and emphasized, "There must absolutely be no infringement on the public's right to view due to a company's financial crisis."

Chairperson Kim added, "With the World Cup, an event of great public interest, currently underway, the commission will closely monitor the situation to ensure there are no disruptions to the broadcasts."

The commission's secretariat has reportedly formed an inspection team to maintain constant monitoring and is in close communication with JTBC, requesting cooperation regarding the submission of necessary documents.

Chairperson Kim explained, "At the commission level, we are pursuing the hearing of JTBC's position as a matter of cooperation," adding, "For urgent matters, we will go through processes such as meeting with the JTBC CEO, and we will review and proceed with any necessary procedures."

Previously, on the 15th, during a press conference marking his six months in office, Chairperson Kim said regarding the rehabilitation filing of JTBC and others, "Since the re-approval process includes an evaluation of financial and technical aspects, we will pay close attention to those areas."

(Photo: Provided by the Broadcasting and Media Commission, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.