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(LEAD) MBC's largest shareholder decides to sack company president

All Headlines 16:33 November 13, 2017

(ATTN: UPDATES with more details in paras 2 to 3; ADDS photo)

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 in Seoul. Of six FBC board members present, five voted in favor of the motion with one abstention.

The five members affiliated with the ruling Democratic Party submitted the motion on Nov. 1, holding Kim responsible for the company management's unfair labor practices and meddling in news production in favor of the former conservative Park Geun-hye government, among other reasons. The foundation commands a 70 percent stake in the broadcaster.

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.

Lee Wan-gi, chairman of the board of the Foundation for Broadcast Culture, presides over the foundation's eighth extraordinary board meeting to discuss whether to dismiss MBC president Kim Jang-kyom at its office in Seoul on Nov. 13, 2017. (Yonhap)


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