SEOUL, May 25 (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.

CHOSUN ILBO

- The South Korean government put into effect on Friday a plan to allow resident voters to oust corrupt or incompetent public post holders including governors, mayors and heads of local administrative units.

- A total of 3.31 million South Koreans went overseas between January and March, an increase of 20 percent from a year earlier, according to the Korea National Tourism Organization.

- The South Korean government will postpone sending its promised 400,000 tonnes of rice aid to North Korea until the North shuts down its main nuclear reactor, a South Korean government official said.

- Google Inc. <GOOG.O> chief executive Eric Schmidt and Disney <DIS.N>-ABC Television Group president Anne Sweeney will visit South Korea to participate in the Seoul Digital Forum 2007 taking place May 29 to 31.

DONG-A ILBO

- The South Korean navy will set out its first KDX-III Aegis destroyer at a dockyard in Ulsan on Friday, making South Korea the fifth country in the world to have an Aegis destroyer.

- Bob Ulrich, chairman and CEO of Target Corporation <TGT.N>, visited South Korea last week and met with Chung Yong-jin, the vice chairman of Shinsegae Co. <004170.KS>, according to distribution industry sources.

JOONGANG ILBO

- Seventeen foreign firms have so far been named lead managers to be listed on the local stock markets, which include 14 Chinese firms, two U.S. firms and one Japanese, according to the Korea Exchange.

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