Samsung family heirs join forces in JoongAng Ilbo takeover bid
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A consortium led by Daou Kiwoom Group, alongside CJ Group and Shinsegae, has emerged as the preferred bidder for debt-laden newspaper publisher JoongAng Ilbo, bringing two branches of the Samsung founding family into a bid to revive the struggling media company. Daou Kiwoom Group, whose flagship financial affiliate is Kiwoom Securities, is expected to take a 50 percent stake in the consortium, with entertainment conglomerate CJ Group and retail giant Shinsegae splitting the remainder, according
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- https://www.koreaherald.com/article/10908766
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- 20/10/2026 05:53 UTC
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- 20/10/2026 11:56 UTC
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