Korea New Network Corp.
KKRX:0584005,260.00
KRW
-980.00
(-15.71%)
ISIN
KR7058400003
Return %
Stock
S&P 500
1Y
-25.28
14.39
3Y
-40.56
81.42
5Y
-67.53
68.62
Capital Structure
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in mil. unless spec.Quarterly Revenue
KRW
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in mil. unless spec.Quarterly Earnings Per Share
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KRW
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in mil. unless spec.Company Description
- CEO
- Oh-Sang Lee
- Full Time Employees
- 151
- Sector
- Consumer services
- Industry
- Broadcasting
- Address
- Busan South Korea
- IPO Date
- Nov 3, 2010
- Website
- knn.co.kr
- Similar Companies
- Business
- Korea New Network Corp. (KRX:058400), widely known as KNN, is a South Korea-based commercial media and terrestrial broadcasting company primarily engaged in television and radio broadcasting, digital content distribution, advertising sales, and cultural event management. Founded in 1994 as Pusan Broadcasting Corporation (PSB) and rebranded as Korea New Network in 2006, the company is headquartered in Haeundae-gu, Busan, South Korea. Operating as the flagship regional affiliate of the Seoul Broadcasting System (SBS) network, Korea New Network primarily serves consumers and corporate clients across the Busan and Gyeongsangnam-do regions. The company operates across multiple core business segments, offering an extensive portfolio of products and services: Terrestrial Television Broadcasting, comprising high-definition and ultra-high-definition (UHD) digital broadcasts of regional news reporting, investigative journalism, cultural documentaries, regional sports coverage, local lifestyle programming, and syndicated national entertainment from SBS; Radio Broadcasting Services, operating through KNN Power FM, focusing on music and entertainment, and KNN Love FM, delivering news, public affairs, and talk radio programming; Digital Media and Online Services, including real-time OTT streaming, video-on-demand (VOD) distribution, mobile broadcasting applications, and digital-first video production across multi-channel digital networks; Advertising and Media Sales, providing commercial airtime sales, corporate sponsorships, broadcast spot advertising, and integrated digital marketing campaigns; Event and Performance Management, delivering planning, hosting, and broadcasting services for major regional festivals, international conventions, music concerts, exhibitions, and athletic events; and Real Estate Leasing, managing commercial office leasing, broadcasting facilities, and event venues within the KNN Tower in Centum City. In recent operations, Korea New Network Corp. has undertaken strategic initiatives to accelerate its transformation into a multi-platform digital content enterprise. The company has expanded its digital media investments by launching specialized digital production units, creating targeted online news and entertainment formats for social media and streaming platforms, and broadening content distribution through domestic OTT partnerships. To mitigate headwinds in the traditional broadcast advertising market, the company has intensified business diversification into experiential cultural content, regional tourism marketing, and joint content production agreements with other regional media affiliates. Additionally, the company continues to enhance its broadcasting infrastructure through ongoing modernization of digital and UHD transmission systems while optimizing the commercial leasing performance of its headquarters real estate assets.