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MBN announced an apology to the public on the 29th, a day before the Korean Communications Commission’s administrative disposition for illegal manipulation of accounting at the time of the comprehensive programming channel. This is the first time the public has apologized for this incident.
In an apology released this afternoon, MBN said: “MBN generated a lot of controversy in the capital contracting process for the approval of comprehensive programming channels in 2011 for employee name payment. “I deeply reflect on what has happened to a broadcaster that takes public life as life, and I sincerely apologize to the people who have loved MBN in the meantime.”
MBN said, “MBN president Seung-jun Jang, who is responsible for this and is in charge of the CEO, will be retiring from management.” President Jang is the son of President Dae-Hwan Jang. Earlier on the 28th, Chairman Dae-hwan Jang did not remove the executive who committed the crime in the position of listening to opinions, but instead promoted CEO Jang Seung-jun (one of the managers) to the representative of Maekyung Shinmunsa. ”
In the process of raising paid-in capital to meet end-of-life approval standards in 2011, MBN took about 55 billion won in loans borrowed from the bank and then purchased the company’s shares on behalf of the executives and employees, and under commercial law, it was not reflected in their financial statements. He has committed accounting corruption. For reasons, the prosecution prosecuted MBN executives, including Maekyung Media Group Vice Chairman and MBN Co-Chairman Ryu Ho-gil, and they were convicted of violating the Capital Markets Law in the first trial in July.
Earlier, Maekyung Media Group Chairman, Maekyung Media Group Chairman Dae-Hwan Jang attended the KCC opinion hearing on the 28th and said, “I am sorry to hear the wrong judgment of the company in the process of collecting capital for large-scale PP in 2011, and consider viewers and MBN staff and call for an election. He said: “At the time of initial approval, we did not know about the illegal activity, and at the time of the FSS investigation around August 2018, we received a direct report on the related matter from the vice president for reasons.”
On the 26th, 37 media and civil society organizations throughout the country, including the Citizens Association for a Democratic Press and the Lawyers Association for a Democratic Society, said: “MBN management, in the process of acquire treasury shares under the new name, paid the subscription fee and collectively received sovereignty to run the Maekyung Media Center. It was systematically illegal, like storing it in a donor country vault. Furthermore, he emphasized that the financial statements were manipulated in order to hide them, “and said that” if the approval for malicious illegals like MBN cannot be revoked, the Broadcasting Law will be a role. “
MBN said in an apology to the public that day, “MBN will not repeat such events in the future, and promises to be reborn as a broadcast that is loved by people cutting bones.” Before an administrative provision that is expected to be ‘revocation of approval’ or ‘suspension of business’, Maekyung Media Group appealed to the public with a ‘public apology’. Previously, a press conference was announced requesting the cancellation of MBN’s approval.
Meanwhile, in response to the public apology, the MBN branch of the media union released a statement, saying, “The resignation of President Seung-Jun Jang is only the starting point of MBN reform.” MBN said: “Unless there is a mechanism to verify the imperial power that exists within the media, such as the appointment of key executives, labor directors, the introduction of external directors recommended by the spectators and the president’s competition system. in which the spectators participate, this situation is always present. These problems can be repeated ”. Suggested labor management emergency countermeasures committee for MBN managerial innovation.
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