Chapter III The Handel of Shares of publicly operated terrestrial Television Enterprises
Article 11
The supervisory agency, after determining which terrestrial television enterprises to make public, shall draw up a budget with which to purchase shares from government-invested enterprises, is not subject to the provisions of Article 5 of the Radio and Television Act.
Government agencies making a conditional donation of shares in publicly operated terrestrial television enterprises to the Public Television Service Foundation (henceforth “the Public Television Service Foundation”) are not subject to the provisions of Article 5 of the Radio and Television Act, Article 25 of the Budget Act, Article 28 or Article 60 of the National Property Act, or Article 413 of the Civil Code.
The Public Television Service Foundation, after being invested with shares in publicly operated terrestrial television enterprises, is to hold an ad hoc meeting of shareholders to elect directors and supervisors.
The directors and supervisors of the Public Television Service Foundation are to represent the foundation as well as act as directors and supervisors of the publicly operated terrestrial television enterprises, and shall not be subject to the provisions of Paragraph 3 of Article 14 the Public Television Act.
Article 12
For government-invested enterprises other than the Public Television Service Foundation, the supervisory agency shall check whether the enterprise did indeed make a conditional donation of shares in terrestrial television enterprises to the Public Television Service Foundation. This shall not be subject to the provisions of Article 5 of the Radio and Television Act.
Article 13
“Conditional” as used in the previous two Articles, means:
1. The Public Television Service Foundation shall integrate the resources of publicly operated terrestrial television enterprises and promote the establishment of a digital-friendly environment for terrestrial television so as to efficiently use allocated digital spectrum.
2. The Public Television Service Foundation shall be responsible for having publicly operated terrestrial television enterprises broadcast diverse, high-quality programming that is in keeping with the public interest. It shall have as a goal ensuring that the rights and lifelong learning ability of children, women, the elderly, people with disabilities, and other specified groups are protected, while ensuring balanced development among the nation's regions and, where necessary, will establish dedicated channels to meet these needs.
3. The Public Television Service Foundation shall be responsible for ensuring that, for publicly operated television enterprises, no advertisements are interspersed during hours set for broadcasting children's programming.
4. The Public Television Service Foundation shall ensure that programming and advertisements broadcast on publicly operated television enterprises do not serve to proselytize for religious groups or spread political parties' messages.
5. The Public Television Service Foundation may not transfer shares that have been donated to it as per the preceding two Articles; it shall donate the cash dividends and bonuses associated with shares that have been donated to it as per the preceding two Articles to the publicly operated television enterprises.
6. The Public Television Service Foundation shall not be evasive and refuse to provide information as stipulated in Article 15.
7. The Public Television Service Foundation shall be responsible for other goals that lead to the creation of an environment conducive to media professionalism and independence, a high-quality broadcasting culture, and effective operation of publicly operated terrestrial television enterprises.
The provisions of Article 9 shall apply to publicly operated terrestrial television enterprises.