ESTABLISHMENT AND LAUNCH OF NEW SBS-CNBC BUSINESS NEWS CHANNEL IN KOREA
Shin & Kim has advised CNBC, a world leader in business news and information and member of NBC Universal and the GE Group, in establishing a new 24-hour, high-definition Korean business news channel in Korea. Launched in the beginning of January 2010, the new channel, branded SBS-CNBC, was established in partnership with SBS Media Holdings. The channel’s establishment and launch was made against the backdrop of recent amendments to the Korean Broadcasting Law in 2009. Shin & Kim’s advisory team was lead by Beomsu Kim, John M. Kim, Sang-Hyeok Im, Jasmine Jung and Jae Min Jeon. The transaction represents one of many new deals that are part of Shin & Kim’s new Media Contents Practice Group, which is the first such practice group to be established among the top law firms in Korea.
