SEOUL, Oct. 29 (Yonhap) -- The Constitutional Court ruled Thursday that disputed media reform laws railroaded by the ruling party are valid, despite violations in the voting process.
The reform package -- which consists of three separate laws governing newspapers, broadcasting and Internet TV -- were passed by the majority-wielding Grand National Party (GNP) while opposition parties boycotted.
The reform bills eliminate ownership restrictions in the media industry, allowing for the first time in 29 years the cross-ownership of newspapers and broadcasting stations. President Lee Myung-bak and the GNP have said the deregulation measures will improve the industry's overall competitiveness and help create tens of thousands of new jobs.
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