PRESS DIGEST - South Korean newspapers - Aug 24

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

CHOSUN ILBO

With 250 new H1N1 flu cases confirmed over the weekend, sixteen schools nationwide were temporarily closed or delayed their reopening after summer vacation, the Education Ministry said on Sunday.

The Seoul Central District court said the final trial for Hwang Woo-suk, a disgraced stem cell researcher facing charges of fraud and embezzlement, will be held on Monday.

Former chairwoman of the ruling Grand National Party Park Geun-hye will leave Seoul on Monday to visit Hungary, Denmark, Belgium and Austria until September 5 as the president's special envoy.

The Seoul High Court said on Sunday it dismissed an appeal from a South Korean trading company asking for the nullification of knock-in knock-out (KIKO) currency option deals it held with lenders including Shinhan Bank, SC First Bank and Citibank.

KOREA ECONOMIC DAILY

The government is considering providing 2 million won ($1,607) subsidies for each hybrid car purchase in addition to consumption tax concessions, an official said.

The world biggest air cargo carrier Korean Air (003490.KS) said its July cargo volume rose 13 percent from a year earlier, thanks an increase in mobile phones and display product exports. ($1=1244.7 Won)