Eugene Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

We must not allow the public service role of broadcasting to be compromised by its majority shareholder’s pursuit of profits

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.

Eugene Group, a mid-sized South Korean conglomerate with businesses ranging from distribution to finance, has become the largest shareholder of local news channel YTN, according to industry sources on Monday. The group reportedly acquired a 30.95 percent stake in YTN for about 319.9 billion won ($236 million). The stake in question was previously owned by the state-run Korea Electric Power Corp.’s subsidiary Ke...

Eugene Group, a mid-sized conglomerate with businesses ranging from distribution to finance, has won a bid to buy a major stake in news channel YTN, financial sources said Monday.

Three groups have submitted final bids to buy a major stake in cable news channel YTN, financial sources said Monday, with the results of the bidding expected to be announced later in the day. In November last year, two state-run firms announced a plan to put their combined 30.95 percent stake in YTN up for sale. Apparel exporter Hansae Co.; Eugene Group, with businesses ranging from distribution and finance to logis...