CORRECTED - CORRECTED-PRESS DIGEST - South Korean newspapers - April 21

(Corrects Maeil Business Newspaper entry to show reported IMF forecast is for 2010, not 2009)

SEOUL, April 21 (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

Russian Foreign Minister Sergei Lavrov is expected to visit Seoul this week to meet top South Korean officials including President Lee Myung-bak after his two-day trip to Pyongyang, North Korea, according to a diplomatic source.

The ruling Grand National Party is reconsidering planned stimulus measures on signs of the economy levelling off, and may scale down or cancel plans for an extra budget and relax some regulations only temporarily, a party policy committee member said.

MAEIL BUSINESS NEWSPAPER

The International Monetary Fund has lowered its forecast for South Korea's growth rate for 2010 to 1.5 percent from 4.2 percent in a report due out Wednesday due to the country's excessively export-dependent economy, according to a government source.

KOREA ECONOMIC DAILY

GM Daewoo, a South Korean unit of General Motors Corp (GM.N), and its main creditor Korea Development Bank have asked eight banks that made forward exchange contracts with GM to extend the repayment due dates, which fall between May and June, for six months.

The CEO of state-run utility Korean Electric Power Corp (KEPCO) asked the government to hike electricity charges by 9 percent this year in a meeting with the Knowledge Economy Ministry. KEPCO posted a net loss of 882.2 billion won ($663.2 million) for the first quarter last week. ($1=1330.0 Won)