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KBS is a 'public organization' that , by law, receives public funding from the Korean Government but is independently managed. As mentioned on the Korean Constitution, the president of KBS is recommended by its board of directors to the President of Korea. Political parties in Korea have the right to name members of the board of directors of KBS. Since the President of South Korea usually has leadership over the members of the ruling party, KBS's president is considered to be designated by the president of Korea. This procedure has incurred worries of political intervention in KBS' governance and has led to many thinking that the current system of recruiting needs to be revised.
Around 37.8% of its revenue comes from a mandatory Television Licence Fee, while 47.6% of the revenue comes from commercial advertisement sales. For national or governmental programs such as International Radio service (KBS World Radio) and the Radio service for physically handicapped people, KBS receives public funds from the Korean government.