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YTN

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YTN
The YTN NewSquare building, which is the company headquarters in Sangam-dong
TypeCable television network
CountrySouth Korea
HeadquartersSangam-dong, Mapo District, Seoul, South Korea
Programming
Picture formatMPEG4 1080i
Ownership
OwnerKEPCO KDN: 21.43%
Korea Ginseng Corporation: 19.95%
Mirae Asset Life Insurance: 14.98%
Korea Racing Authority: 9.52%
Woori Bank: 7.40%
Key people
  • Kim Baek (CEO)
History
Launched1 March 1995; 29 years ago (1995-03-01) (cable)
Links
Websitewww.ytn.co.kr (in Korean)

YTN (KRX: 040300) is the first 24-hour Korean news channel to be broadcast throughout South Korea. It was founded on September 14, 1993, and began broadcasting on March 1, 1995.[citation needed]

YTN originally stands for Yonhap Television News (Korean: 연합 텔레비전 뉴스; lit. 'United Television News'), as the channel was the subsidiary of Yonhap News Agency until its separation from the agency in 1998. The channel's previous slogans are "Yesterday, Tomorrow and Now" and "Your True Network", both of them being backronyms for the channel's name after the separation. The channel's three current slogans are "Always First", "Exclusive Tomorrow" and "Yes! Top News!". It also has the slogan, "Whenever and wherever there is news, we are there."[citation needed]

History

The original YTN tower (right background) with Namdaemun in the foreground, looking through open doors at the back of gate
YTN NEWSQUARE at night time

The upcoming launch of cable television in Korea led to the founding of YTN on September 14, 1993.[1]

In January 1995, Yonhap TV News planned to connect with its bureaus in South Korea, being one of the new channels that relied on live broadcasts.[2] YTN began test transmissions on February 15,[3] on March 1, 1995, the same day as cable television started, YTN started regular broadcasts. It was expected that YTN was set to establish itself as the "Korean CNN". News bulletins under the YTN 24 name were shown on the top of the hour and Channel 24 Spotlight aired at 9pm to avoid competition with KBS News 9 and MBC Newsdesk as an in-depth analysis program. World 24 provided news footage from CNN, ABC, CBS, NHK, TBS, CCTV, CBC, BBC and the video wire services from Reuters and WTN. Asia, Asian provided Asian reports as covered by CCTV, NHK, TBS, TCS and Reuters' Asia Report. World News Magazine aired items from CBS's 60 Minutes, the syndicated Inside Edition and the BBC's Assignment. The channel also provided 48 weather reports a day, including specialized forecasts such as leisure and world weather.[4] On March 7, it eyed a contract with CNN to provide live relays, but this still required government approval.[5] In November 1995 alone, its advertising revenue reached 1.7 billion won.[6]

On September 3, 1997, KEPCO agreed to buy 30% of YTN's shares for the sum of 23 billion won.[7]

  • 2000/04/08 Merged with Seoul Tower, constructing an integrated broadcast transmission tower
  • 2004/03/01 Moved to YTN tower, next to Namdaemun (South Gate, commonly known as Sungnyemun)
  • 2004/03 Launched "YTN INTERNATIONAL"
  • 2008/01/31 KCC approved YTN FM Radio.
  • 2008/04/01 YTN FM Radio began broadcasting in Seoul city
    • (Callsign:HLQV-FM Frequency:FM 94.5 MHz.)
  • 2011/04 Renamed from "YTN INTERNATIONAL" to "YTN WORLD"

On April 7, 2014, the network moved to YTN Newsquare, DMC Area. In conjunction with this, YTN changed its logo for the first time in 19 years, as well as the new slogan, "Exclusive Tomorrow".[8]

YTN services

  • YTN: Korea's first all-news TV channel, carries up-to-the-minute news, weather, sports and traffic, as well as in-depth analysis. The live newscast can be seen 24 hours a day, but live magazines are only in between 4:30 and 1:00.[citation needed]
  • YTN Science: The first Korean science channel, provides a wide range of science information.[citation needed]
  • YTN2: This channel delivers weather forecasts as well as up-to-date information on disasters and tips for a healthy lifestyle. It broadcasts live 24 hours a day.[citation needed]
  • YTN News FM: Korea's only all news radio station with the latest news, weather, traffic, plus some music. It broadcasts live 24 hours a day.[citation needed]
  • YTN World: International broadcaster to spread various Korean news and content on culture, IT industry, and business across the world.[citation needed]
  • YTN Korean: Korea's advanced overseas Koreans specialized broadcaster, dedicated to multinational exchanges via Internet.[citation needed]

Programming

YTN programming consists of a mix of live news bulletins, live broadcasts from major breaking news, commentary panel programs and overnight replays.[citation needed]

YTN increased its all news programming offerings in 2017, with three new weekday shows: Midnight News (midnight – 1 am), Morning News (6 am – 8 am) and News Talk (11 am – 11:40 am).[citation needed]

Throughout most of the day, rolling news coverage is presented from one of two YTN's studios. From 7:30 pm to 8:15 pm (weekdays) and from 9:15 pm to 10 pm (weekends), commentary programs are broadcast. Most of these programs are presented by commentators discussing the general issues that Korea and the world are facing. On the evening part, along with updates, YTN also features main news of the day and expects tomorrow's headlines. Overnight, the channel carries a 20-minute news program presented live from the newsroom on the hour (3 am and 4 am: only 10 minutes long), along with replays of daytime magazines.[citation needed]

Controversies

In 2001, YTN president Baek In-ho said that "President Kim Dae-jung is the second founder of YTN", causing a scandal within the staff of the network, and the union demanding his exit. Accusations have emerged that YTN received government support in order to sustain itself, with a 130 billion won capital increase; the network was accused of pro-government bias.[9]

See also

References

  1. ^ 주간 신설 법인 <9월14~20일> 증가세 뚜렷…CATV 3사'눈길'
  2. ^ 종합유선방송 핵심채널 차질 우려
  3. ^ YTN, 15일 예고방송 개시
  4. ^ 주목받는 채널, 눈길끄는 프로 ① 연합TV
  5. ^ 매경TV, CNN 경제뉴스 공급
  6. ^ 대중화 성공…적자해소가 관건
  7. ^ 한전'YTN'인수 가계 약
  8. ^ YTN 상암동 사옥으로 이전…'뉴YTN' 출범식 개최
  9. ^ YTN 백인호사장 ‘친정부 발언’ 파문
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