DaouKiwoom-CJ consortium to sign deal to acquire JoongAng Ilbo this week
JoongAng Ilbo headquarters in Seoul. Korea Times photo by Yun Gi-hun 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. Under the deal, the DaouKiwoom-CJ consortium will purchase 520 billion won ($388 million) worth of new shares…

