Maeil Business TV News (MBN) and CNBC Asia Pacific are today launching a new joint television news service, 'MBN-CNBC', which will beam into more than 4.5 million households broadcasting predominantly Korean-language programming.

MBN-CNBC will blend MBN's Korean-focussed news and business programming with CNBC's international business and financial programming. MBN-CNBC will also incorporate a live customised ticker from the Korean Stock Exchange. CNBC's English-language cable channel will continue to be distributed to 2.2 million households in Korea, with MBN's assistance, an official release states. Maeil Business News Group claims to be South Korea's leading media conglomerate.

President and publisher of Maeil Business News Group Dr Dae-whan Chang said: "The launch of MBN-CNBC represents an important milestone for MBN. At a time when the global economy continues to face vigorous market changes, our audience is looking for the most up-to-date and continuous coverage of the Korean and international markets with in-depth analysis and expert commentary. The joining together of three major business news services in the region - MBN, CNBC and Dow Jones - means that we will be able to offer the most reliable and influential 24-hour news channel in South Korea.

Acting CEO of CNBC Asia Pacific Shawn Galey said: "MBN-CNBC represents an important step in realising CNBC's goal of further increasing its reach and relevance through strategic relationships with leading regional business media companies.