CJ Group may seek to acquire management control of JoongAng Ilbo in a consortium with Dow Kiwoom Group, according to the investment banking industry. CJ did not submit a letter of intent in the preliminary bid, but it is discussing a joint move ahead of the final bid due Oct. 19. JoongAng Ilbo is being sold under Hana Bank’s supervision, with limits on late bidders. The sale is via a third-party allotment capital increase.

South Korean lawmakers criticised streaming service Tving at a parliamentary audit over its compensation plan for a large-scale personal data leak, arguing it steers victims back to paid services and may be designed to reduce penalties. The company offered insurance, points, partner coupons and premium viewing features, but some require subscriptions and former members must rejoin to apply. The Personal Information Protection Commission said ineffective compensation would be hard to factor into any fine reduction, while it reviews sanctions.