The JoongAng, formally known as JoongAng Ilbo, is a South Korean daily newspaper published in Seoul, South Korea. It is one of the three biggest newspapers in South Korea, and a newspaper of record for South Korea. The paper also publishes an English edition, Korea JoongAng Daily, in alliance with the International New York Times. It is often regarded as the holding company of JoongAng Group chaebol as it is owner of various affiliates, such as the broadcast station and drama producing company JTBC, and movie theatres chain Megabox.
Front page of JoongAng Ilbo (31 March 2015)
A chaebol is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972.
The former headquarters of Hyundai in Seoul
Former headquarters of the defunct Daewoo Group, once the second-largest conglomerate in South Korea
South Korean President Park Geun-hye at a breakfast meeting with business magnates Lee Kun-hee and Chung Mong-koo