The World: Seoul - Companies get green light for dual media ownership

Media companies in Korea will now be allowed to own a combination of broadcast and print properties, after the Korean government signed a controversial media reform bill.

The bill, which has faced vocal opposition from a number of high-profile sources, will allow newspapers and conglomerates to own stakes in broadcasting stations for the first time, and will also give the government the power to privatise its media properties.

Critics fear that the government will use the option to gain greater control over its domestic organisations. However, the Grand National Party, which passed the reforms, has argued that the bill will simply help stimulate much-needed competition in the media industry.