PRESS DIGEST - South Korean newspapers - Jan 5

SEOUL, Jan 5 (Reuters) - The following is a summary of major South Korean newspapers on Monday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

CHOSUN ILBO

South Korea and the United States agreed to complete the relocation of the U.S. Army base in Yongsan, central Seoul, and the second Infantry Division by 2014, according to a government source.

The Finance Ministry, Ministry of Knowledge Economy and Foreign Ministry are planning to create an investment fund for Korean residents abroad. Proceeds from the fund, which will be introduced during the first half of the year, will support domestic companies and build social overhead capital.

DONG-A ILBO

The National Human Rights Commission presented a request to the National Assembly speaker to review a pending bill on the revision of the minimum wage law proposed by the ruling Grand National Party, on concerns it could hurt working-class earners.

THE KOREA TIMES

The Korean Maritime Institute said that it discovered a Japanese document that excluded the disputed East Sea islets known as Dokdo in Korean or Takeshima in Japanese from Japan's maritime territory when it rearranged land acquired during its colonisation of nearby countries.

President Lee Myung-bak has asked United Nations Secretary General Ban Ki-moon to help improve the strained ties between South and North Korea, a Blue House spokesman said.