The Foundation Of Broadcast Culture
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The Foundation Of Broadcast Culture
The Foundation for Broadcast Culture is the only institution dedicated to the promotion of broadcasting in South Korea. Partly to address concerns following the country's 1987 democratic reforms, the National Assembly established the Foundation for Broadcast Culture to insulate MBC from political influence and KBS. The foundation was established as a not-for-profit statutory corporation in accordance with "The Foundation for Broadcast Culture" Act (Ordinance No. 6137) first formulated on December 26, 1988. It is a major shareholder of MBC (Munhwa Broadcasting Corporation) to which 70% of the stocks of MBC was donated as "the initial fund for the promotion of broadcasting culture" from the government. Except for the corporate structure, the concept of the foundation is similar to Channel 4 Television Corporation Channel Four Television Corporation is a British state-owned media company headquartered in London. Its original and principal activity is the British national tel ...
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Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ...
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Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 of the 1948 constitution. According to the 2020 census, Seoul has a population of 9.9 million people, and forms the heart of the Seoul Capital Area with the surrounding Incheon metropolis and Gyeonggi province. Considered to be a global city and rated as an Alpha – City by Globalization and World Cities Research Network (GaWC), Seoul was the world's fourth largest metropolitan economy in 2014, following Tokyo, New York City and Los Angeles. Seoul was rated Asia's most livable city with the second highest quality of life globally by Arcadis in 2015, with a GDP per capita (PPP) of around $40,000. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 ''Fo ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and List of islands of South Korea, adjacent islands. It has a Demographics of South Korea, population of 51.75 million, of which roughly half live in the Seoul Capital Area, the List of metropolitan areas by population, fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its Gojoseon, first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Unified Silla, Silla and Balhae in the ...
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National Assembly Of South Korea
The National Assembly of the Republic of Korea, often shortened to the National Assembly in domestic English-language media, is the unicameral national legislature of South Korea. Elections to the National Assembly are held every four years. The latest legislative elections were held on 15 April 2020. The National Assembly has 300 seats, with 253 constituency seats and 47 proportional representation seats; 30 of the PR seats are assigned on additional member system, while 17 PR seats use the parallel voting method. The unicameral assembly consists of at least 200 members according to the South Korean constitution. In 1990 the assembly had 299 seats, 224 of which were directly elected from single-member districts in the general elections of April 1988. Under applicable laws, the remaining seventy-five representatives were elected from party lists. By law, candidates for election to the assembly must be at least thirty years of age. As part of a political compromise in 1987, an ...
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Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ...
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Munhwa Broadcasting Corporation
Munhwa Broadcasting Corporation (MBC; ) is one of the leading South Korean television and radio broadcasters. ''Munhwa'' is the Sino-Korean word for "culture". Its flagship terrestrial television station MBC TV broadcasts as channel 11. Established on 2 December 1961, MBC's terrestrial operations has a nationwide network of 17 regional stations. Although it operates on advertising, MBC is a public broadcaster, as its largest shareholder is a public organization, the Foundation of Broadcast Culture. MBC consists of a multimedia group with one terrestrial TV channel, three radio channels, five cable channels, five satellite channels and four DMB channels. MBC is headquartered in Digital Media City (DMC), Mapo District, Seoul and has the largest broadcast production facilities in Korea including digital production centre Dream Center in Ilsan, indoor and outdoor sets in Yongin Daejanggeum Park. History Radio era (1961-1968) Launching the first radio broadcast signal (ca ...
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Channel Four Television Corporation
Channel Four Television Corporation is a British state-owned media company headquartered in London. Its original and principal activity is the British national television network Channel 4. The company was founded in 1982 as the Channel Four Television Company Limited, a wholly-owned subsidiary of the IBA, and became an independent statutory corporation in 1993. November 1998 saw Channel Four expand beyond its remit of providing the 'fourth service' in a significant way, with the launch of Film4. Since then the corporation has been involved in a range of other activities, all in some way associated with the main channel, and mainly using the '4' brand. The television company also owned The Box Plus Network, a music focused company with a network of six music television channels. One of them, 4Music, is a Channel 4-branded channel within Box Plus. It was folded into the corporation in 2019. History Towards the end of the 1980s, the government began a radical process of re- ...
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Independent Broadcasting Authority
The Independent Broadcasting Authority (IBA) was the regulatory body in the United Kingdom for commercial television (ITV and Channel 4 and limited satellite television regulation – cable television was the responsibility of the Cable Authority) – and commercial and independent radio broadcasts. The IBA came into being when the Sound Broadcasting Act 1972 gave the Independent Television Authority responsibility for organising the new Independent Local Radio (ILR) stations. The Independent Television Commission formally replaced the IBA on 1 January 1991 in regulatory terms; however, the authority itself was not officially dissolved until 2003. The IBA appointed and regulated a number of regional programme TV contractors and local radio contractors, and built and operated the network of transmitters distributing these programmes through its Engineering Division. It established and part-funded a National Broadcasting School to train on-air and engineering staff. Approach The I ...
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Government Agencies Of South Korea
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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Non-profit Organizations Based In South Korea
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in contrast with an entity that operates as a business aiming to generate a profit for its owners. A nonprofit is subject to the non-distribution constraint: any revenues that exceed expenses must be committed to the organization's purpose, not taken by private parties. An array of organizations are nonprofit, including some political organizations, schools, business associations, churches, social clubs, and consumer cooperatives. Nonprofit entities may seek approval from governments to be tax-exempt, and some may also qualify to receive tax-deductible contributions, but an entity may incorporate as a nonprofit entity without securing tax-exempt status. Key aspects of nonprofits are accountability, trustworthiness, honesty, and openness to eve ...
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Companies Established In 1988
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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