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PRESS DIGEST - South Korean newspapers - June 14
14 Jun 2007 00:03:55 GMT
Source: Reuters
SEOUL, June 14 (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.

CHOSUN ILBO

- The South Korean government will likely resume sending 15,000 tonnes of rice aid for North Korea's flood relief and has decided to send 50,000 tonnes of corn, 1,000 tonnes of cooking oil and 1,000 tonnes of powdered milk to the country via the World Food Programme, a unification ministry official said.

- Tongyang Group will draw up its plans to become a holding company by next year and will open a branch in Indonesia in September, according to chairman Hyun Jae-hyun.

DONG-A ILBO

- Pfizer Inc. <PFE.N> has signed a memorandum of understanding with the Health Ministry to invest $300 million by 2012 in research and development, according to Pfizer Pharmaceutical Korea.

- Office Depot Inc <ODP.N> opened for business in South Korea on Wednesday and plans to supply South Korean products to overseas Office Depot branches, said chief executive Steve Odland.

MAEIL BUSINESS NEWSPAPER

- Foreign investors have offered a combined $10 billion for the foreign allotment of Samsung Card's IPO shares, according to Korea Investment Co. Ltd.

- Pfizer Pharmaceutical Korea lost a patent lawsuit against Ahn-gook Pharmaceutical Co. Ltd. <001540.KQ>, according to the Patent Court of Korea.
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Residents wait to be rescued after being stranded due to heavy rain in Leizhou, south China's Guangdong province, August 11, 2007. More than 3,600 houses collapsed in southern China as rains from a fading tropical storm caused widespread flooding, while hundreds of people in the northeast were evacuated to avoid landslides, state media said on Monday. Picture taken August 11, 2007.



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