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Consortium to Sign JoongAng Ilbo Acquisition Deal This Week

A consortium comprising CJ, Shinsegae and two other companies will sign a deal Thursday to acquire debt-laden South Korean newspaper publisher JoongAng Ilbo, the company said Wednesday, according to Yonhap and the Korea Times. The deal is valued at $520 million, though the documents do not specify this figure; they only confirm the signing of the acquisition agreement this week.

  1. DaouKiwoom-CJ consortium to sign deal to acquire JoongAng Ilbo this week Korea Times · 2026-11-04
  2. DaouKiwoom-CJ consortium to sign deal to acquire JoongAng Ilbo this week Yonhap · 2026-11-04

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