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The Korea Communications Commission is holding a plenary meeting today to decide on an administrative provision for MBN, which revealed that equity funds were appropriately allocated in the process of launching a comprehensive programming channel in 2011. While suspension of business for a certain period of time or even stronger cancellation of approval is being discussed, the opinions of the Korea Communications Commission are also surprising. This is Yeom Hye-won. Chairman Jang Dae-hwan of Maekyung Media Group, who attended the general meeting of the KCC, admitted that there was a convenient capital provision when MBN was launched. It means that the company used a method of purchasing company shares by taking a loan in the name of an employee because there was 55 billion won less than the originally planned capital. To hide this, we also submitted a false business report through fraudulent accounting during the previous two re-approval processes. This behavior is strictly prohibited by law. Under the Broadcasting Law, if a commercial operator is falsely or fraudulently approved, it can be canceled, or the business can be suspended for up to 6 months, or advertisements can be suspended. The Korea Communications Commission is scheduled to vote today on an administrative provision. It seems like it’s hard to put it off even longer as MBN’s re-approval review is scheduled for next month. The KCC is known to be considering suspending the business for a certain period of time and even canceling the approval as it has already been revealed to be illegal. Ahead of the Korea Communications Commission’s decision, MBN issued a statement of apology to the public and announced that co-CEO Jang Seung-jun will take over the responsibility and step down from the position. However, the demand for cancellation of the approval, focused on the media and civic groups, is also difficult, so it appears that the Korea Communications Commission will struggle with the level of punishment until the last minute. YTN Yeom Hye-won[[email protected]]is.