PRESS DIGEST - South Korean newspapers - Nov 10
SEOUL, Nov 10 (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
Daegu has been picked as the host city for the 2013 World Energy Congress, the Daegu government announced.
South Korea is poised to launch an study into the ecology of the Demilitarised Zone (DMZ) dividing the Korean peninsula, the first since South Korea and North Korea agreed on a ceasefire in 1953, the Ministry of Environment said.
MAEIL BUSINESS NEWSPAPER
The Credit Finance Association of Korea and CEOs of capital firms are set to ask the government for financial support such as bond purchases, according to financial industry sources.
Kookmin Bank, the banking unit of KB Financial Group (105560.KS) will start to sell 800 billion won ($604.9 million) worth of subordinated bonds from Monday to boost its capital adequacy ratio.
JOONGANG ILBO
South Korea has invited 81 foreign scholars including 9 Nobel Prize laureates to conduct lectures and joint research in local universities, the Education Ministry said.
KOREA ECONOMIC DAILY
The government and the ruling Grand National Party (GNP) are mulling ways to help companies with liquidity problems before they face defaults, including a "pre-workout" system that would allow financial support and restructuring for companies to proceed simultaneously, according to a senior party official.
DONG-A ILBO
North Korean military authorities asked South Korean officials how long it would take South Korean companies to vacate the Kaesong industrial zone in the North when they visited and inspected the zone on Nov 6, according to an official from South Korea's Unification Ministry.
KOREA TIMES
POSCO (005490.KS), the world's fourth-largest steelmaker, is in talks with Thailand's largest stainless steel producer, Thainox Stainless Steel PCL INOX.BK, to take over a controlling stake, sources close to the matter told the Korea Times.
(Writing by Park Ju-min, editing by Jonathan Hopfner))
