SEOUL, Dec 13 (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.

MAEIL BUSINESS NEWSPAPER

- LG Electronics <066570.KS> plans to introduce a touch screen cell phone next year, developed with the fashion company Prada.

KOREA ECONOMIC DAILY

- Life insurance companies could hold initial public offerings as early as the second half of 2007 following an advisory committee's findings.

KOREA TIMES

- The world's largest landfill gas power plant was completed and went into operation in Inchon, the Ministry of Environment said.

- A job fair for North Korean defectors was held at the Textiles Centre in Seoul, under the auspices of the labour and unification ministries.

- South Korea aims to drastically cut the production and use of ozone-depleting industrial substances next year in line with U.N. protocol, Yonhap news agency said.

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