Court Suspends Partial Effect of Reapproval Conditions for 'MBN Jongpyeon' Business

[Image source=Yonhap News]

[Asia Economy Reporter Kim Daehyun] The Seoul Administrative Court has ruled to temporarily suspend the effect of some conditions set by the Korea Communications Commission (KCC) when approving the three-year reauthorization of the comprehensive programming channel MBN.

On the 24th, the 11th Administrative Division of the Seoul Administrative Court (Presiding Judge Kang Woochan) partially accepted MBN's request to suspend the effect of some conditions attached to the reauthorization decision filed against the KCC.

Previously, in November last year, the KCC approved the conditional reauthorization of the comprehensive programming channel with a validity period of three years, imposing 17 conditions on MBN. MBN filed an administrative lawsuit and requested a suspension of effect for three of these conditions.

The conditions MBN opposed were: ▲ a plan for the largest shareholder, CEO, and executives to take responsibility for damages caused by business suspension (Condition 10), ▲ introduction of a CEO recruitment system (Condition 13), and ▲ a plan to increase capital by an amount exceeding the treasury stock canceled in 2020 through consultation with the KCC within six months of reauthorization (Condition 15).

Regarding this, the court stated, "Irreparable damage may occur due to the effect," and ordered the temporary suspension of the effect of Conditions 10 and 13. These conditions will remain suspended until the first-instance judgment is delivered.

However, the court did not accept the request to suspend the effect of Condition 15.

This content was produced with the assistance of AI translation services.