Korea s broadcasting watchdog on Wednesday approved that an affiliate of the mid-sized conglomerate Eugene Group becomes the largest shareholder of the local news channel YTN.
YTN, Korea s first 24-hour news channel, is expected to find a new owner as early as September, as the government launched the procedures to sell its stake in the broadcaster earlier this week. According to the investment banking industry, state-run IT service management company KEPCO KDN, which holds a 21.43 percent stake in YTN, sent a request for proposals (RFP) to major financial firms to select a manager firm for the stake sale.
Toronto, Ontario (Newsfile Corp. - le 18 février/February 2022) - (This Bulletin has been amended to remove details of a previous consolidation from February 2021.) The current CUSIP/ISIN are