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DP Pushes Forward Bills on Fake News Damages in Parliamentary Subcommittee

Photo : YONHAP News The ruling Democratic Party(DP) on Tuesday pushed forward revised bills to enforce tougher penalty against damages caused by fake news at a subcommittee of the National Assembly’s Culture, Sports and Tourism Committee. The parliamentary committee held deliberations for the bills at a subcommittee and passed a package of 16 revisions to the Act on Press Arbitration and Remedies, etc. for Damage Caused by Press Reports.  The revisions seek to raise punitive damages by up to five times for media outlets issuing false or fabricated reports whether intentionally or by gross negligence.   The main opposition People Power Party(PPP) declined to take part in the subcommittee vote, saying the bills aim to censor the media. 

Israeli venture capital firm Yozma to sue JTBC

Israeli venture capital firm Yozma to sue JTBC Posted : 2021-07-15 14:28 Updated : 2021-07-15 14:32 Busan Mayor Park Heong-joon, left, and Yozma Group Chairman Yigal Erlich pose after signing a memorandum of understanding at Busan City Hall in this April 13 file photo. Courtesy of Busan Metropolitan Government By Park Jae-hyuk Israeli venture capital firm Yozma Group s Korean subsidiary said Thursday it decided to file a 10 billion won ($8.7 million) damage claim against JTBC and its producers, as well as a separate criminal suit against its chief news producer, over the cable channel s news report on July 6 that questioned the credibility of the company s businesses.

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