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MBC's largest shareholder decides to sack company president

2017/11/13 15:59

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SEOUL, Nov. 13 (Yonhap) -- The largest shareholder of the nation's second largest public broadcaster Munhwa Broadcasting Corporation (MBC) on Monday voted to fire the company president Kim Jang-kyom for his "politically biased" control of the company's news coverage.

The Foundation for Broadcast Culture (FBC) passed a motion on the dismissal of Kim through its eighth extraordinary board meeting of the year in Seoul.

The foundation, which commands 70 percent of the stakes in the broadcaster, held him responsible for the company management's unfair labor practices and meddling in news production in favor of the former conservative Park Geun-hye government.

But MBC needs approval from its shareholders to formally sack him.

About 2,000 MBC unionists are on strike for a third month demanding Kim's resignation and the restoration of the network's independence and fair reporting. They have vowed to return to work in two to three days if he is dismissed.