KCC to Review Approval for Change of Largest Shareholder in Gwangju Broadcasting

Hoban Construction → JD Investment
Chairman of the Review Committee: Ahn Hyunghwan, Standing Member

[Asia Economy Reporter Cha Min-young] The Korea Communications Commission reviewed and approved the basic plan for the examination of the application for change of the largest shareholder of Gwangju Broadcasting at the 31st plenary meeting held on the 4th.

The previous largest shareholder was Hoban Construction (including special related parties, holding 39.59%), but after the change, it will be JD Investment (holding 35.00%).

The KCC plans to form and operate a review committee in the second week of August. In the third week, the committee's resolution will be made and the business operator will be notified. The review will be conducted based on the examination criteria stipulated in Article 15-2, Paragraph 2 of the Broadcasting Act, and the chairman of the review committee is Ahn Hyung-hwan, a standing commissioner who was recommended.