PRESS DIGEST - South Korean newspapers - July 24

SEOUL, July 24 (Reuters) - The following is a summary of major South Korean newspapers on Thursday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

KOREA ECONOMIC DAILY

South Korea's foreign minister met with his North Korean counterpart at an ASEAN forum in Singapore and urged the North to conduct a thorough investigation into an incident at the Mount Kumgang resort in which a North Korean soldier shot and killed a South Korean tourist.

Korea Electric Power Corporation (KEPCO) is set to team up with China Datang Corporation to build additional wind power plants in China's Neimenggu and Gansu provinces, bringing its total China-based wind power facilities to 517.8 megawatts.

President Lee Myung-bak will go on a 5-day vacation at a military resort from July 26th, the Blue House spokesman said.

THE HANKYOREH

Allegations have been raised that five people abducted in the Mexican border city of Reynosa, including 4 South Koreans, may have attempted to illegally cross the border into the United States.

MAEIL BUSINESS NEWSPAPER

LG Electronics (066570.KS) is expected to reach third place in the global cell phone market in the second quarter of this year, with its market share predicted to hit 9.7 percent.

CHOSUN ILBO

New York City mayor Michael Bloomberg, signed an administrative order for mandatory Korean language services in all public institutions, according to the New York Times.

North Korea is said to have called for international acknowledgement of its status as a nuclear power at the informal six-party ministerial meeting at the ASEAN forum, a diplomatic source said.