Korea Joongang Daily
Korea JoongAng Daily

Hyundai Heavy, Mipo to merge as defense vessel demand rises

Shipyards HD Hyundai Heavy Industries and HD Hyundai Mipo will merge as demand for naval defense vessels rises globally, with the potential to claim up to 40 percent of the local market.

2025-08-27

Korean Air, Asiana fined $8.7 million for violating merger agreement

Asiana Airlines and Korean Air fined 12.1 billion won ($8.7 million) for violating merger conditions by exceeding ticket price caps.

2025-08-03

Megabox, Lotte Cultureworks announce plans to invest in revitalizing Korea's film industry

Megabox JoongAng and Lotte Cultureworks plan to make significant investments aimed at revitalizing Korea’s struggling film industry, the two theater chains announced on Tuesday.

2025-07-22

Musk says he does not support merger between Tesla and xAI

Elon Musk said on Monday he does not support a merger between his electric vehicle maker Tesla and his artificial intelligence startup xAI, which owns the Grok chatbot and competes with the likes of OpenAI's ChatGPT.

2025-07-14

Embattled Homeplus seeks new owner as bankruptcy court grants M&A approval

Homeplus, which is currently under court receivership, is seeking a new owner. The Seoul Bankruptcy Court granted permission Friday for a "prepackaged M&A," or merger and acquisition, before the court approves a rehabilitation plan for the company.

2025-06-20

FTC orders Korean Air to revise mileage swap ratio in Asiana merger

The Fair Trade Commission rejected Korean Air's proposed mileage integration with Asiana Airlines on Thursday and ordered it to revise and supplement the ratio and usage options.

2025-06-12

From martial law to insurrection, here are the keywords you should know for the June 3 election

For readers who need a little help navigating the upcoming race, the Korea JoongAng Daily has compiled a list of key terms that are likely to feature heavily across the competing campaigns.

2025-05-15

Wonkwang universities receive final approval for merger

Wonkwang University and Wonkwang Health Science University received final approval from the Ministry of Education to merge and will open as a merged institution starting from the 2026 academic year.

2025-04-29

University of Gyeongnam Namhae, Geochang campuses will continue to grant degrees post-Changwon merger

The merger of Changwon National University with two junior colleges progresses, with a government exemption allowing continued associate degree offerings.

2025-04-21

Exclusive: Korean Air considers accepting Asiana miles at 1:1 ratio

Asiana Airlines miles may convert to Korean Air miles at a 1:1 ratio post-merger by 2026 while other accrued miles will receive less favorable rates.

2025-02-05