Gil Hwan-young was inaugurated as the 20th president of state-run terrestrial broadcasting network KBS on Friday.

Gil, who succeeded Kim In-kyu, stressed that he would seek to raise TV license fees in order to stabilize the firm’s fiscal status. “The fee raise will be used to invest in digitalizing all programs,” Gil said in his speech at the inauguration ceremony.

The ceremony was held three earlier than announced. Gil’s term expires on Nov. 23, 2015.

By Bae Ji-sook (baejisook@heraldcorp.com)