May 14, 2009 / 11:59 PM / in 10 years

PRESS DIGEST - South Korean newspapers - May 15

SEOUL, May 15 (Reuters) - The following is a summary of major South Korean newspapers on Friday, prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.

MAEIL BUSINESS NEWSPAPER

The education ministry said it planned to close down or consolidate private colleges considered incompetent, with about 40 on the shortlist.

Swiss drugmaker Novartis AG NOVN.VX is in talks with the South Korean government on signing a memorandum of understanding to invest $100 million in research and development in the country, industry and health ministry sources said.

THE HANKYOREH

About 500 South Korean conscientious objectors waiting for the introduction of an alternative military service system or preparing appeals against jail sentences will soon be imprisoned, activists said. The government last December indefinitely postponed the introduction of alternatives to military service, saying it was too early to do so.

South Korea’s first tidal power plant, in Jindo, South Jeolla province, has started a 2-year pilot operation and can currently generate around 1,000 kilowatts per hour, the land ministry said.

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