PRESS DIGEST - South Korean newspapers - June 19

SEOUL, June 19 (Reuters) - The following is a summary of major South Korean newspapers on Friday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

MAEIL BUSINESS NEWSPAPER

The South Korean government is planning to put $3 billion into Korea Investment Corporation (KIC) to enable the soverign wealth fund to resume overseas investment, a senior KIC official said.

KOREA ECONOMIC DAILY

Hynix Semiconductor (000660.KS) said on Thursday it had signed a memorandum of understanding with Wuxi city in China's Jiangsu Province to set up a sales venture there.

LG Hausys (108670.KS), a maker of industrial materials, will invest 1 trillion won ($792.8 million) in its high-tech materials business by 2015, its CEO said on Wednesday.

DONG-A ILBO

Suam Biotechnology Institute announced on Thursday that its team led by scientist Hwang Woo-suk had successfully cloned Trakr, a German shepherd, who became a hero after rescuing victims from the aftermath of the attacks on the World Trade Center in New York in 2001.

THE KOREA TIMES

President Lee Myung-bak said China and Russia would play an important role in persuading North Korea to scrap its nuclear programme at a meeting in Washington with former U.S. Secretary of State Henry Kissinger and other Korea experts, according to a presidential spokesperson.