Seoul Cultural Publishers to Take Over "Sisa Weekly"
Seoul Cultural Publishers will take over the weekly magazine 'Sisa Weekly' at the price of 2.5 million won.Shim Sang-ki, President of Seoul Cultural Publishers, announced on July 21 that his company will complete preparations to buy the weekly magazine next week after confirming its debts and assets.
The operation of 'Sisa Weekly' has been adrift because former chairman Park Sangsop of the now defunct Duksan group - who had won the right to manage the magazine - did not implement the contract terms of taking it over after the Ye-Eum Foundation, owner of the magazine, was declared bankrupt in March of 1998.
The publisher produces books and magazines including the women's magazine 'Woman Sense' and the monthly cartoon 'Jump', and owns 'Western Seoul Cable TV'.
Seo Jang-soo:jsbee@joongang.co.kr
with the Korea JoongAng Daily
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