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PRESS DIGEST - South Korean newspapers - Oct 27

Stocks

   

SEOUL | Tue Oct 27, 2009 5:35am IST

SEOUL Oct 27 (Reuters) - The following is a summary of major South Korean newspapers on Tuesday prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

CHOSUN ILBO

South Korea's foreign minister Yu Myung-hwan said on Monday that the government planned to dispatch civilians to provincial reconstruction teams in Afghanistan as well as police and military forces to protect them.

According to the health ministry, an average of 4,200 people were infected with the H1N1 flu virus daily during the past week, three times more than the week before. Five people died of the disease on Monday.

A North Korean source said Monday that Kim Jong-un, the son of leader Kim Jong-il, visited in September the ninth army corps in Chongjin, North Korea's third largest city, to keep alert for possible uprisings within the unit, which is known to be involved in drug trafficking and money laundering.

MAEIL BUSINESS NEWSPAPER

Korea Resources Corporation said Monday that it had selected Samjong KPMG to advise on the sale of 5.5 percent of its stake in the Ambatovy nickel project in Madagascar to raise funds for possible acquisitions.

Hyundai (005380.KS) and Kia (000270.KS) Motors signed a memorandum of understanding with Korea Electric Power Corporation (015760.KS) on the development of electronic cars and chargers, which they aim to complete by August 2010.

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