https://www.soompi.com/article/1339907wpp/kbs-faces-large-deficit-for-2019-plans-to-cut-down-on-programs

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KBS is experiencing a 100 billion won (approximately $85.2 million) deficit, causing them to start an emergency management plan. Recently, KBS created an internal “Total Review Task Force (TF)” to create a plan to cut down on costs. According to the proposal, 2019’s end-of-year deficit is estimated to be 101.9 billion won (approximately $86.8 million). The cumulative business loss for the next five years is estimated to reach 656.9 billion (approximately $559.4 million). Analysis also revealed that from the second half of 2020, KBS will have to depend on bank loans. To reduce KBS’s deficit, efficiency was emphasized. KBS discussed cutting down on programs and focusing on core content fo... Full story

19 July

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