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Munhwa Broadcasting Corporation

Broadcasting network
TypeBroadcast radio and
CountrySouth Korea
AvailabilitySouth Korea, United States (Satellite, certain metropolitan areas over-the-air)
OwnerThe Foundation of Broadcast Culture(70%)
Jung-Su Scholarship Foundation(30%)
Key peopleKim Jae-Cheol, CEO & President
Launch dateDecember 2, 1961 (radio)
August 8, 1969 (television)
2001 (digital)
2005 (DMB)

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Munhwa Broadcasting Corporation (MBC) is one of four major national South Korean television and radio networks. Munhwa is the Korean word for "culture". Its flagship terrestrial television station is channel 11 on VHF in Seoul. Twice government-owned, the network is owned by the Foundation of Broadcast Culture (which owns 70% of the company's stock), while the Jung-Su Scholarship Foundation owns 30%. MBC receives no government subsidy, and derives its income almost entirely from commercial advertising. It has 19 regional stations, and 10 subsidiaries. The network evolved from Busan Munhwa Broadcasting Corporation, the first private broadcasting corporation in the country. As of 2011, MBC has over 4,000 employees. It has provided terrestrial digital TV service in the ATSC format since 2001, and T-DMB (Digital Multimedia Broadcasting) service since 2005.

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