Article 1(Purpose) #
This Act aims to establish the Foundation for Broadcast Culture to realize the public responsibility of broadcasters as the largest investors and to contribute to the promotion of a democratic, fair, and sound broadcast culture and the improvement of public welfare.
[This Article Wholly Amended on Jun. 3, 2014]
Article 2(Legal personality) #
The Foundation for Broadcast Culture (hereinafter referred to as the "FBC") shall be a corporation.
[This Article Wholly Amended on Jun. 3, 2014]
Article 3(Establishment) #
(1) The FBC shall be established at the time it registers such establishment at the location of its main office.
(2) The location of the main office of the FBC shall be prescribed by the articles of incorporation.
[This Article Wholly Amended on Jun. 3, 2014]
Article 4(Articles of incorporation) #
(1) The articles of incorporation of the FBC shall include the following:
1. Purpose;
2. Name;
3. Location of the main office;
4. Matters related to the board of directors;
5. Matters related to the executive officers and employees;
6. Matters related to the business affairs and the execution thereof;
7. Matters related to the Broadcasting Culture Promotion Fund;
8. Matters related to property and accounting;
9. Matters related to the method of public announcement;
10. Matters related to the amendment of the articles of incorporation.
(2) When the FBC amends its articles of incorporation, it shall obtain authorization from the Korea Media and Communications Commission under Article 3 of the Act on the Establishment and Operation of the Korea Media and Communications Commission (hereinafter referred to as the "KMCC"). <Amended on Oct. 1, 2025>
(3) The KMCC shall notify the FBC of whether it has granted authorization within 30 days from the date of receiving the application for authorization under paragraph (2). <Added on Dec. 10, 2019; Oct. 1, 2025>
(4) If the KMCC does not notify the FBC of whether it has granted authorization within the period specified in paragraph (3), or whether it has extended the processing period under the statutes and regulations related to handling of civil complaints, it shall be deemed to have granted authorization on the day following the end date of that period (in the case of an extension or re-extension of the processing period in accordance with the statutes and regulations related to handling of civil complaints, the relevant processing period shall apply). <Added on Dec. 10, 2019; Oct. 1, 2025>
[This Article Wholly Amended on Jun. 3, 2014]
Article 5(Business affairs) #
The FBC shall perform the following affairs:
1. Research and academic projects for the development and improvement of broadcasting culture;
2. Administration and supervision of the business management of a broadcasting business entity in which the FBC is the largest shareholder;
3. Operation and management of the Broadcasting Culture Promotion Fund;
4. Other public interest projects;
5. Business affairs incidental to the affairs specified in subparagraphs 1 through 4.
[This Article Wholly Amended on Jun. 3, 2014]
Article 6(Executive officers) #
(1) The FBC shall have 13 directors, including 1 chairperson and 1 auditor as its executive officers, and the term of office of the executive officers shall be 3 years and they may be appointed for one consecutive term; provided, the term of office of a supplementary executive officer shall be the remainder of his or her predecessor's term of office. <Amended on Sep. 9, 2025>
(2) An executive officer whose term of office has expired shall perform his or her duties until a successor is appointed.
(3) The chairperson shall be elected from among the members of the board of directors.
(4) The KMCC shall appoint directors from among persons recommended in accordance with the following subparagraphs, taking into account their expertise in broadcasting and their representativeness across various sectors of society; in such cases, the KMCC shall appoint the nominee within 14 days from the recommendation date, provided they do not fall under any disqualification grounds specified in Article 8, and if this period elapses, the nominee shall be deemed immediately appointed: <Amended on Sep. 9, 2025; Oct. 1, 2025>
1. Five persons recommended by the negotiating groups of the National Assembly in proportion to their respective share of seats. The quota of nominees for each negotiating group shall be determined according to the following formula. In such cases, whole-number quotas shall be allocated first, and any remaining quotas shall be allocated in descending order of the fractional remainders, and if the fractional remainders are equal, the allocation shall be determined by drawing lots;
┌───┬──────── ──────────────────────── ──── ─────────┐
│ Number of nominees per negotiating group = 5 × Number of seats held by the relevant │
│ negotiating group ÷ The total number of seats held by each negotiating group │
└──────────────────────── ────────────────── ───────┘
2. Two persons recommended by the viewers' committee (referring to the viewers' committee as defined in Article 87 of the Broadcasting Act) of a broadcasting business entity in which the FBC is the largest shareholder;
3. Two persons recommended by a majority of the executive officers and employees of a broadcasting business entity in which the FBC is the largest shareholder, taking into account expertise in broadcasting and the representativeness of occupational categories such as news reporting, program production, and technology;
Article 7(Duties of executive officers) #
(1) The chairperson shall represent the FBC and have general supervision and control of its affairs.
(2) If the chairperson is unable to perform his or her duties due to unavoidable reasons, a director shall act on his or her behalf in the order prescribed by the articles of incorporation.
(3) The auditor shall audit the business affairs and accounting of the FBC.
(4) The chairperson may attend the National Assembly and state his or her opinions on administrative affairs of the FBC, and attend the National Assembly to report or answer to questions, if requested by the National Assembly.
[This Article Wholly Amended on Jun. 3, 2014]
Article 8(Grounds for disqualification of executive officers) #
(1) A person who falls under any of the following subparagraphs shall be disqualified as an executive officer of the FBC:
1. A person who is not a citizen of the Republic of Korea;
2. A member of a political party under Article 22 of the Political Parties Act, or a person for whom 3 years have not passed after his or her status as member of a political party was lost under that Act;
3. A person specified in any subparagraph of Article 33 of the State Public Officials Act;
4. A person for whom 3 years have not passed after he or she was retired from public office assigned through an election under Article 2 of the Public Official Election Act;
5. A person for whom 3 years have not passed since the date he or she served as an advisor or consultant in broadcasting, communications, law, business management, or similar matters to support the election of a candidate in a presidential election under Article 2 of the Public Official Election Act;
6. A person for whom 3 years have not passed since the date they lost their status as a member of the Presidential Transition Committee under Article 6 of the Presidential Transition Act.
(2) Detailed scope of a person who has served as an advisor or consultant under paragraph (1)5 shall be prescribed by Presidential Decree.
[This Article Wholly Amended on Jun. 3, 2014]
Article 9(Composition of board of directors) #
(1) A board of directors shall be established in the FBC to deliberate and pass resolutions on important matters related to the FBC.
(2) The board of directors shall be composed of directors, including the chairperson.
(3) The chairperson shall convene meetings of the board of directors and preside over the meetings; provided, when a majority of all incumbent directors requests to convene a meeting of the board of directors, the chairperson shall convene a meeting of the board of directors without delay.
(4) The board of directors shall adopt resolutions by the affirmative vote of a majority of the incumbent directors; provided, with respect to the matters under subparagraph 10 of Article 10 concerning the recommendation of the president of a broadcasting business entity in which the FBC is the largest shareholder, the board of directors shall resolve, within 14 days from the date of recommendation, by the affirmative vote of at least three-fifths of the directors in office on the candidate for president recommended by the Public Recommendation Committee for President Candidates under Article 10-3. <Amended on Sept. 9, 2025>
(5) Notwithstanding the proviso of paragraph (4), if a resolution on the recommendation of the president is not made within 14 days from the date of recommendation, a runoff vote shall be held within 14 days from the date of the last vote between the highest vote-getter and the runner-up; if there are 2 or more highest vote-getters, a runoff shall be held among the highest vote-getters, and the candidate who receives the greatest number of votes shall be recommended. <Added on Sep. 9, 2025>
(6) The recommendation of candidates for president by the Public Recommendation Committee for Presidential Candidates pursuant to Article 10-3 and the recommendation of the president by the board of directors shall be conducted in a public and transparent manner. <Added on Sep. 9, 2025>
(7) The auditor may attend meetings of the Board of Directors to present his or her opinions. <Amended on Sep. 9, 2025>
(8) Meetings of the board of directors shall be disclosed to the public; provided, in any of the following cases, the board of directors may choose not to disclose its meetings to the public by its resolution: <Amended on Sep. 9, 2025>
1. If any matters classified as confidential or the disclosure of which is restricted under other statutes or regulations are included;
2. If an open meeting is deemed likely to harm the reputation or rightful interests of an individual, corporation or organization;
Article 10(Functions of board of directors) #
The board of directors shall deliberate on and resolve the matters specified in any of the following subparagraphs: <Amended on Sep. 9, 2025>
1. Budgeting, financial planning, and settlement of accounts;
2. Acquisition and disposition of basic properties;
3. Enactment, amendments, and repeal of provisions prescribed by the articles of incorporation;
4. Amendment of the articles of incorporation;
5. Matters related to the public responsibility of a broadcasting business entity whose largest shareholder is the FBC;
6. Matters related to the basic operational plan of a broadcasting business entity in which the FBC is the largest shareholder;
7. Matters related to the approval of the settlement of accounts of a broadcasting business entity in which the FBC is the largest investor;
8. Matters related to the management evaluation and public announcement of a broadcasting business entity in which the FBC is the largest shareholder;
9. Matters related to the approval of amendments to the articles of incorporation of a broadcasting business entity in which the FBC is the largest shareholder;
10. Matters related to the recommendation of the president of a broadcasting business entity in which the FBC is the largest shareholder;
10-2. Recommendation for the appointment of auditors pursuant to Article 6(6);
10-3. Composition and operation of the Public Recommendation Committee for Presidential Candidates under Article 10-3;
11. Any other matters deemed necessary by the board of directors.
[This Article Wholly Amended on Jun. 3, 2014]
Article 10-2(Recommendation of president of broadcasting business entity in which FBC is largest shareholder) #
(1) The FBC shall not recommend any of the following persons as the president of a broadcasting business entity, in which the FBC is the largest shareholder:
1. A person who is not a citizen of the Republic of Korea;
2. A member of a political party under Article 22 of the Political Parties Act, or a person for whom 3 years have not passed after his or her status as member of a political party was lost under that Act;
3. A person specified in any subparagraph of Article 33 of the State Public Officials Act;
4. A person for whom 3 years have not passed after he or she was retired from public office assigned through an election under Article 2 of the Public Official Election Act;
5. A person for whom 3 years have not passed since the date he or she served as an advisor or consultant in broadcasting, communications, law, business management, or similar matters to support the election of a candidate in a presidential election under Article 2 of the Public Official Election Act;
6. A person for whom 3 years have not passed since the date they lost their status as a member of the Presidential Transition Committee under Article 6 of the Presidential Transition Act.
(2) Detailed scope of a person who has served as an advisor or consultant under paragraph (1)5 shall be prescribed by Presidential Decree.
[This Article Added on Jun. 3, 2014]
Article 10-3(Public Recommendation Committee for Presidential Candidates) #
(1) The board of directors shall establish a committee to recommend a candidate for the president of a broadcasting business entity in which the FBC is the largest investor (hereinafter referred to as the "Public National Recommendation Committee for Presidential Candidate").
(2) The Public Recommendation Committee for Presidential Candidates shall be composed of at least 100 members, and its membership shall reflect the distribution of the population by gender, age, and region. In such cases, the task of constituting the Public Recommendation Committee for Presidential Candidates may be entrusted to a polling organization registered under Article 8-9 of the Public Official Election Act that meets the criteria prescribed by the Regulations of the Korea Media and Communications Commission. <Amended on Oct. 1, 2025>
(3) The board of directors shall ensure that the Public Recommendation Committee for Presidential Candidates is constituted fairly, and shall guarantee that the Public Recommendation Committee for Presidential Candidates operates independently and impartially.
(4) The board of directors shall formulate detailed standards to ensure that the Public Recommendation Committee for Presidential Candidates is constituted and operated in accordance with paragraphs (2) and (3).
(5) The Public Recommendation Committee for Presidential Candidates shall recommend no more than 3 candidates to the Board of Directors through the process of presenting management plans, interviews, and deliberative discussions by the presidential candidates.
(6) The meetings of the Public Recommendation Committee for Presidential Candidates, including activities pursuant to paragraph (5), shall be convened with the attendance of at least 100 members.
(7) The board of directors shall, unless there are special reasons, constitute the Public Recommendation Committee for Presidential Candidates at least 90 days prior to the expiration of the president's term.
(8) Except as provided in paragraphs (1) through (7), matters necessary for the composition and operation of the Public Recommendation Committee for Presidential Candidates and the recommendation of presidential candidates shall be determined by the board of directors.
[This Article Added on Sep. 9, 2025]
Article 11(Secretariat) #
(1) The FBC shall establish a secretariat to efficiently carry out its duties.
(2) A secretariat shall have 1 secretary general, who shall be appointed by the chairperson with the consent of the board of directors.
(3) The term of office of the secretary general shall be 3 years, and he or she may be reappointed only once.
(4) Employees, other than the secretary general, shall be appointed or dismissed by the chairperson, as prescribed by the articles of incorporation.
[This Article Wholly Amended on Jun. 3, 2014]
Article 12(Establishment of Broadcasting Culture Promotion Fund) #
In order to provide financial resources for the operation and business affairs of the FBC, the Broadcasting Culture Promotion Fund (hereinafter referred to as the "Fund") shall be created in the FBC.
[This Article Wholly Amended on Jun. 3, 2014]
Article 13(Raising of Fund) #
(1) The Fund shall be created with the following financial resources:
1. Dividend of surplus funds by broadcasting business entities invested in by the FBC;
2. Contributions under paragraph (2);
3. Stocks or other assets contributed by broadcasting business entities;
4. Properties contributed by corporations, organizations, or individuals;
5. Profits generated from operation of the Fund;
6. Other revenues.
(2) A broadcasting business entity whose largest shareholder is the FBC shall contribute an amount equivalent to 15/100 of its operating profit in the settlement of accounts of the relevant year to the Fund.
[This Article Wholly Amended on Jun. 3, 2014]
Article 14(Use and management of Fund) #
(1) The Fund shall be used for the following projects:
1. Support for public broadcasting;
2. Projects for promoting the broadcasting and visual content industry;
3. Support for viewers' organizations;
4. Other projects deliberated and resolved on by the board of directors as deemed necessary for the development of broadcasting culture.
(2) Matters necessary for the operation and management of the Fund shall be prescribed by the articles of incorporation.
[This Article Wholly Amended on Jun. 3, 2014]
Article 15(Budget and settlement of accounts) #
(1) The FBC shall submit a budget bill for each fiscal year to the KMCC prior to the commencement of the relevant fiscal year. The same shall apply where it intends to make any amendments to the budget. <Amended on Oct. 1, 2025>
(2) The FBC shall submit the balance sheet for the preceding fiscal year to the KMCC within two months after the end of each fiscal year. <Amended on Oct. 1, 2025>
[This Article Wholly Amended on Jun. 3, 2014]
Article 15-2(Disclosure of remuneration for executive officers) #
The FBC shall disclose the following matters on a quarterly basis through its website or other means, as prescribed by Presidential Decree:
1. Details of remuneration and various allowances for executive officers;
2. Details of the receipt and execution of business promotion expenses by executive officers;
3. Other matters prescribed by Presidential Decree.
[This Article Added on Oct. 19, 2021]
Article 16(Application mutatis mutandis of the Civil Act) #
Except as provided in this Act, the provisions of the Civil Act regarding incorporated foundations shall apply to the FBC.
[This Article Wholly Amended on Jun. 3, 2014]