How will JTBC choose a buyer and what is the deadline for potential bidders?

EY Hanyoung said the sale will use an open competitive bidding process involving an injection of external capital. Potential bidders can submit letters of intent over the next four weeks, and JTBC plans to select a preferred bidder in January.

Why is JTBC selling the company, and what does it hope to achieve through the sale?

JTBC said it hopes the merger and acquisition will establish a sustainable base for growth and strengthen its content and channel competitiveness. The sale follows the Seoul Bankruptcy Court’s approval of rehabilitation proceedings, which allow the broadcaster to restructure its debts under court supervision.

Troubled broadcaster JTBC to select preferred bidder in January

Q: What safeguards will govern JTBC’s sale process?

JTBC said it would conduct the sale in a transparent and fair manner in accordance with relevant laws and rehabilitation court procedures. EY Hanyoung announced that the process would be open and competitive.

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Summary

JTBC plans to select a preferred bidder in January through an open competitive sale, the broadcaster said Monday. Potential bidders have four weeks to submit letters of intent. The sale follows the Seoul Bankruptcy Court’s approval in late August for JTBC to begin rehabilitation proceedings and restructure its debts under court supervision. JTBC said it hopes the merger and acquisition will support sustainable growth and strengthen its content and channel competitiveness.

Key Facts

EY Hanyoung is advising on the sale and announced the bidding process.
JTBC said the sale would be conducted transparently and fairly in accordance with relevant laws and rehabilitation court procedures.
The Seoul Bankruptcy Court approved JTBC’s request to begin rehabilitation proceedings in late August.

By Yonhap

Published Nov 9, 2026 9:43 am KST

Debt-ridden Korean broadcaster JTBC plans to select a preferred bidder in January, the company said Monday, putting up its official notice for the envisioned sale.

The sale will be conducted through an open competitive bidding process through the injection of external capital, EY Hanyoung, the accounting firm advising the sale, said in the notice.

Potential bidders can submit their letter of intent over the next four weeks.

JTBC said it will conduct the sale in a "transparent and fair" manner in accordance with relevant laws and rehabilitation court procedures.

"Through the merger and acquisition, we hope to establish a sustainable base for growth and strengthen content and channel competitiveness," the broadcaster said.

The sale notice came some two months after the Seoul Bankruptcy Court approved JTBC's request to begin rehabilitation proceedings in late August, allowing the company to restructure its debts under court supervision.

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