PRESS DIGEST - South Korean newspapers - Sept 1

SEOUL, Sept 1 (Reuters) - The following is a summary of major South Korean newspapers on Wednesday prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

KOREA ECONOMIC DAILY

Lotte Group will hire 6,500 people in the second half of this year and establish a 540 billion won ($450.7 million) fund to finance its subcontractors and suppliers.

MAEIL BUSINESS NEWSPAPER

LG Electronics (066570.KS) said it would invest $70 million through 2015 to expand production at its factory in Poland.

South Korea's No. 2 crude oil refiner GS Caltex has been picked as the preferred bidder to acquire local waste recycler DAU Metal Co., Ltd., industry sources said Tuesday.

JOONGANG ILBO

South Korea has finalised a free trade agreement (FTA) with Peru, 18 months after the two countries began negotiations, according to the Ministry of Foreign Affairs and Trade. The FTA is South Korea's eighth.

(Reporting by Seo Ji-won, Editing by Jonathan Hopfner)