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PRESS DIGEST - South Korean newspapers - Nov 4

Wed Nov 4, 2009 5:45am IST
 
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SEOUL, Nov 4 (Reuters) - The following is a summary of major South Korean newspapers on Wednesday prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

CHOSUN ILBO

Former South Korean ambassador to Japan Choi Sang-yong told the newspaper that Japanese Prime Minister Yukio Hatoyama told him in an meeting on Oct. 31 in Tokyo that there was a need for change in Japan's relations with the United States, in which he felt Japan was subordinate, and that he was comprehensively reviewing them. Hatoyama also said North Korea's abduction of Japanese citizens was an issue involving the two countries and shouldn't present an obstacle to the six-party talks on North Korean nuclear issues, according to Choi.

Standard Chartered's (STAN.L: Quote, Profile, Research) (2888.HK: Quote, Profile, Research) South Korean unit said Tuesday that Richard Hill, currently its chief financial officer, would succeed David Edwards as president and CEO.

MAEIL BUSINESS NEWSPAPER

The finance ministry said on Tuesday fresh debt accumulated by 101 public enterprises in 2008 reached 43.4 trillion won ($36.43 billion), bringing their total debt to 213 trillion won.

KOREA ECONOMIC DAILY

LG Electronics (066570.KS: Quote, Profile, Research) is planning to cooperate with a U.S. company specialising in built-in electronics to expand its premium home appliance lineup and its share of the U.S. market, a senior official said on Tuesday.

THE KOREA TIMES

The Cabinet on Tuesday approved revisions to the immigration law that require all foreigners over the age of 17 entering South Korea, excluding diplomats and officials, to be fingerprinted and photographed from 2012. ($1=1191.1 Won)

Dubai Debt Fears

Villas are seen on the The Palm, Jumeirah, with Atlantis, The Palm, under construction on the breakwater (crescent), May 3, 2008.  REUTERS/Jumana El Heloueh

Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets.  Full Article | Slideshow 

India Investment Summit 2009
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People stroll outside the Taj Mahal hotel ahead of the first anniversary of the militant attacks in Mumbai, November 24, 2009.  REUTERS/Punit Paranjpe
Investors worry about another attack

The risk of militants striking again worries investors who fear that a second attack similar to last year's Mumbai raids could shake the economy.  Full Article | Full Coverage 

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