Ministry of Science and ICT Grants Reauthorization to SKB, Hyundai HCN, and CMB
22 SKB-affiliated Companies, 8 Hyundai HCN Companies, 11 CMB Companies
Conditions Set for Strengthening Locality, Fair Competition, and Win-Win Cooperation with Partners
[Asia Economy Reporter Han Jinju] SK Broadband (formerly T-Broad), Hyundai HCN, and CMB have received re-authorization as comprehensive wired broadcasting operators from the Ministry of Science and ICT.
On the 4th, the Ministry of Science and ICT announced that it re-authorized 22 SK Broadband affiliates, 8 Hyundai HCN affiliates, and 11 CMB affiliates as comprehensive wired broadcasting operators (SO).
As a result of the re-authorization review, all three operators scored above 650 points out of a maximum of 1000 points, meeting the re-authorization criteria. Previously, from March 21, the Ministry conducted a confidential review through a re-authorization review committee composed of external experts in five fields: broadcasting, law, management/accounting, technology, and users.
The review committee suggested that the re-authorized SOs need to meet conditions regarding ▲strengthening regional characteristics ▲ensuring fair competition ▲operating viewer committees ▲and coexistence plans with partner companies.
Additionally, SK Broadband affiliated SOs were required to submit changes to their business plans following the T-Broad merger and to comply with the strengthened conditions of the merger change approval and re-authorization conditions. For CMB affiliated SOs, it was proposed to reduce rental and payment guarantees and to establish a transmission network construction plan for CMB Sejong Broadcasting.
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The Ministry of Science and ICT requested prior consent from the Korea Communications Commission regarding the re-authorization review results. The KCC modified the re-authorization conditions and added recommendations before granting prior consent. The Ministry finalized the re-authorization by reflecting these conditions and recommendations and imposed the re-authorization conditions.
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