South Korean broadcaster JTBC has begun selling its management rights through open competitive bidding while undergoing corporate rehabilitation proceedings. EY Korea, the lead manager, said the transaction will attract external capital through measures including a third-party allotment of paid-in capital increases and corporate bond issuance, rather than simply transferring existing shareholder stakes. Letters of intent are due by December 4, preliminary due diligence will run from December 7 to January 8, and final proposals are due January 15, 2027. JTBC plans to select a preferred bidder in January, with candidates' financial capacity and operating plans expected to be key considerations. The broadcaster said the process will follow relevant laws and rehabilitation court procedures and is intended to establish a sustainable growth foundation while strengthening its content and channel competitiveness. The process follows the Seoul Bankruptcy Court's approval in late August for JTBC to begin rehabilitation proceedings and restructure debt under court supervision.