PRESS DIGEST - South Korean newspapers - Oct 8

SEOUL Oct 8 (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.

MAEIL BUSINESS NEWSPAPER

Samsung Techwin (012450.KS) will absorb Samsung Electronics' (005930.KS) CCTV-making business to avoid overlapping operations within Samsung Group [SAGR.UL], a group official said on Wednesday.

The Financial Services Commission said Wednesday that it had approved Korea Development Bank's launch of a financial holding company to be established on October 28.

LG Display (034220.KS) considering taking over LG Innotek's liquid crystal display module business, both companies said to the Korea Exchange on Wednesday.

KOREA ECONOMIC DAILY

Sales of imported cars in September increased 7.1 percent from a year ago and 65.3 percent from the previous month to 5,971 vehicles, the Korea Automotive Importers and Distributors Association said on Wednesday.

THE KOREA TIMES

South Korea will host the 2011 general meeting of the United Nations World Tourism Organisation (UNWTO), the Ministry of Culture, Sports and Tourism said Wednesday.