The Broadcasting Commission issued a corrective order to DLive on October 7 for violating conditions related to its reauthorization, specifically regarding the submission and approval of a debt reduction plan. DLive must submit a plan to reduce its debt ratio within three months to comply with the reauthorization conditions. The commission also approved a reauthorization plan for JTBC on the same day.
During its 40th plenary meeting, the Broadcasting Commission reviewed and approved four items, including the corrective order for DLive and the reauthorization plan for JTBC.
The commission decided to issue a corrective order to DLive for failing to submit and gain approval for its debt reduction plan. As a result of this decision, DLive is required to submit a plan and implementation strategy for reducing its debt ratio within three months and obtain the commission's approval.
Last March, DLive was required to submit a debt reduction plan to improve its deteriorating financial situation. It submitted related plans in October of last year and January of this year.
However, the Broadcasting Commission determined that the plans lacked specificity regarding key issues and that the debt reduction targets were not sufficient for a meaningful improvement in financial structure.
The commission also approved the reauthorization plan for JTBC. JTBC is expected to submit a revised reauthorization business plan within six months, after which the commission will review it and decide on reauthorization within two months.
JTBC's previous reauthorization expired on November 30 of last year, but the review was delayed due to the composition of the commission.
Additionally, JTBC initiated rehabilitation proceedings this year. In June, the Broadcasting Commission stated, "Due to the rehabilitation application, it has been confirmed that changes to the overall business plan submitted during the reauthorization application are unavoidable," and added that it would closely examine the timing and procedures for the reauthorization review.
Meanwhile, the Broadcasting Commission also reviewed and approved the detailed plan for the reauthorization of comprehensive programming channels for the second half of this year. The review will be conducted by a committee of experts in broadcasting, law, and economics, with a decision on reauthorization expected in November.
During its 40th plenary meeting, the Broadcasting Commission reviewed and approved four items, including the corrective order for DLive and the reauthorization plan for JTBC.
The commission decided to issue a corrective order to DLive for failing to submit and gain approval for its debt reduction plan. As a result of this decision, DLive is required to submit a plan and implementation strategy for reducing its debt ratio within three months and obtain the commission's approval.
Last March, DLive was required to submit a debt reduction plan to improve its deteriorating financial situation. It submitted related plans in October of last year and January of this year.
However, the Broadcasting Commission determined that the plans lacked specificity regarding key issues and that the debt reduction targets were not sufficient for a meaningful improvement in financial structure.
The commission also approved the reauthorization plan for JTBC. JTBC is expected to submit a revised reauthorization business plan within six months, after which the commission will review it and decide on reauthorization within two months.
JTBC's previous reauthorization expired on November 30 of last year, but the review was delayed due to the composition of the commission.
Additionally, JTBC initiated rehabilitation proceedings this year. In June, the Broadcasting Commission stated, "Due to the rehabilitation application, it has been confirmed that changes to the overall business plan submitted during the reauthorization application are unavoidable," and added that it would closely examine the timing and procedures for the reauthorization review.
Meanwhile, the Broadcasting Commission also reviewed and approved the detailed plan for the reauthorization of comprehensive programming channels for the second half of this year. The review will be conducted by a committee of experts in broadcasting, law, and economics, with a decision on reauthorization expected in November.
* This article has been translated by AI.
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