PRESS DIGEST - South Korean newspapers - Feb 28
Source: Reuters
SEOUL, Feb 28 (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. CHOSUN ILBO - POSCO's <005490.KS> Chief Executive Lee Ku-taek says he is planning on buying at least two foreign steel-making companies this year. - Samsung Economic Research Institute predicts South Korea's economy will grow 4.3 percent this year and gross domestic product will not reach $20,000 per capita. - A Financial Supervisory Service report said the sharp increase in housing prices is due to failed governmental policies. DONG-A ILBO - GM Daewoo Automotive and Technology Co., a General Motors Corp. <GM.N> unit, says it is pushing to relocate a car plant in South Korea to China, and relocate other local plants to China and India gradually. - South Korea's national competitiveness is behind that of Singapore, Hong Kong, and even China and Malaysia, according to Seoul National University professor Cho Dong-sung. - Roger Kornberg of Stanford University will be the first Nobel Prize winner to be teaching at a South Korean university as a professor. MAEIL BUSINESS NEWSPAPER - Hyundai Motor Co. <005380.KS> and General Electric <GE.N> have jointly developed an environment-friendly car and will unveil the model in the Swiss Geneva Motor Show next month.
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