Promotion of sale of management rights of JoongAng Ilbo... “Self-rescue measures for early normalization”
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JoongAng Ilbo headquarters building in Sangam-dong, Seoul. JoongAng Ilbo, which applied for reporter Kim Jeong-geun's workout (corporate structure improvement work), is pursuing the sale of management rights.
JoongAng Ilbo headquarters building in Sangam-dong, Seoul. JoongAng Ilbo, which applied for reporter Kim Jeong-geun's workout (corporate structure improvement work), is pursuing the sale of management rights. It is part of a self-rescue plan to overcome the liquidity crisis and complete the workout early. According to coverage by the Kyunghyang Shinmun on the 30th, JoongAng Ilbo included a plan to consider selling management rights in the self-rescue plan submitted to creditors. We are also pursuing the sale of our real estate holdings and subsidiaries, as well as cost reductions.
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