Board of Audit and Inspection to Audit Visiting Broadcast Foundation... Examining 'MBC's Wasteful Management'

Last Year, National Audit Request Filed Over Suspected Neglect in Supervising MBC's Mismanagement by Bangmunjin

The Board of Audit and Inspection (BAI) has decided to launch an audit to investigate whether the Korea Broadcasting Culture Promotion Agency (KBCPA) neglected to address MBC's reckless management.

On the 2nd, the BAI stated, "On the 22nd of last month, the National Audit Request Review Committee reviewed the related request and determined that the request met the regulatory requirements and that verification and examination of the request content through an audit are necessary, so an audit will be conducted."

Previously, 477 petitioners filed a national audit request last November regarding ▲ failure to hold accountable those responsible for a 10.5 billion KRW loss due to investment in a U.S. resort development ▲ concerns over recurrence of investment losses due to delayed payment of UMF revenue ▲ suspicions of difficulties in recovering advance investment funds for the MLB World Tour ▲ neglect of reckless or deficit management by MBC Plus and MBC Art, among other issues.

[Image source=Yonhap News]

The BAI added, "This month, we will collect data from related institutions including the KBCPA regarding the requested matters and then proceed with the main audit." However, claims such as "neglecting to reduce program production costs" and "allowing cumulative deficits at regional MBC stations" were reportedly excluded from the audit as it was deemed difficult to consider that the KBCPA neglected these matters.

Furthermore, the BAI plans to examine whether the KBCPA was negligent in management and supervision despite MBC subsidiaries incurring large-scale investment losses or deficits while expanding employee welfare. The audit will also look into whether the KBCPA bears any responsibility for Daegu MBC’s allocation of 20 billion KRW last year to the in-house welfare fund used for employee benefits.

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