Major South Korean newspaper lines up rescue by tech, food companies

Business deals Major South Korean newspaper lines up rescue by tech, food companies JoongAng Ilbo to sell combined 95% stake to domestic consortium South Korean newspaper JoongAng Ilbo has faced a credit crisis after its parent company filing for rehabilitation in June. (Photo by Ahn Seong-bok) NAMI MATSUURA November 6, 2026 09:16 JST SEOUL -- South Korean newspaper JoongAng Ilbo will raise 520 billion won ($383 million) through a share placement to a group of investors including tech and retail companies after its parent group suffered a cash crunch. Read Next Big in Asia South Korea's CJ CGV is putting 'motion' back into motion pictures Business Asia Starbucks' South Korean rivals get extra shot from marketing misstep Policy Asia South Korea's Lee bets $1tn on Gwangju as future tech hub Business deals South Korea's Mirae Asset to buy prop trading unit of Japan's Okasan Media & Entertainment BTS architect steers global expansion at Japan record label Avex Latest on Business deals Business deals China blocks SoftBank's $5.4bn deal for ABB robotics division Business deals Toyota supplier buys Nissan-linked peer amid China competition Business deals Mitsui Chemicals to buy Japan chip material maker JSR for over $8.2bn Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.