Lee Enterprises

South Korea's government under President Lee is restructuring its small and medium enterprise support programmes, directing more funding toward technology and startup ventures while cutting back on traditional loans and employment subsidies. The policy shift signals an effort to prioritise innovation-driven growth over broad-based business aid, sparking debate over whether conventional small businesses will be left behind.

Lee Enterprises has acquired the Argus Leader, the daily newspaper of Sioux Falls, South Dakota, as part of a four-newspaper transaction. The deal adds the publication to Lee's large portfolio of regional US papers and continues the industry pattern of consolidation among local newspaper chains. Further financial details of the transaction have not been reported.