PRESS DIGEST - South Korean newspapers - Aug 11

SEOUL Aug 11 (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.

MAEIL BUSINESS NEWSPAPER

The government said on Monday that Park Geun-hye, former chairwoman of the ruling Grand National Party, will visit Europe from August 24 to September 5 as the president's special envoy.

According to the Finance Ministry and the Parliament on Monday, the aggregate financial liabilities of 24 state-run companies had reached 126.4 trillion won ($102.9 billion) in 2008, with interest payments for this year expected to be 4 trillion won ($3.26 billion).

KOREA ECONOMIC DAILY

Daehan Flour Mills Co Ltd (001130.KS), one of the nation's largest millers, is considering cutting wheat flour prices to comply with a recent government request to reflect resource prices and the stabilising won KRW=, its CEO said.

THE KOREA TIMES

Osong in North Chungcheong Province and Daegu's Shinseo district were chosen as sites for the construction of medical complexes worth a total of $5 billion, to be completed around 2012, the Ministry for Health, Welfare and Family Affairs announced Monday. ($1=1228.2 Won)