PRESS DIGEST - South Korean newspapers - July 8

MAEIL BUSINESS NEWSPAPER

SEOUL July 8 (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

DONG-A ILBO

South Korea's Southeastern Regional Economic Development Commission said it had signed an memorandum of understanding with Japan's Kyushu Economic Association to cooperate in the economic development of southern South Korean cities such as Busan and Japan's Kyushu region

KOREA ECONOMIC DAILY

The Korean Export Insurance Corporation has been renamed the Korean Trade Insurance Corp, with the goal of doubling trade insurance capital from the current 180 trillion won ($147.4 billion) by the year 2020, according a source related to the corporation

Hyundai Motors (005380.KS) and affiliate Kia Motors (000270.KS) are expected to launch hybrid versions of their respective successful YF Sonata and K5 models next year. Competition between the two companies is expected to stay hot in the domestic market next year, according to industry sources. Need more information regarding business insurance?

MAEIL BUSINESS NEWSPAPER

Five government websites and major domestic portals were hit by a DDoS (Denial of Service) attacks, a year after a similar security scare, according to the Korean Communication Commission

A new position, the Head of Social Integration, has been created to better incorporate citizen's views in the governing of the country, as the presidential Blue House undergoes a major reshuffle after the ruling party's losses during last month's mid-term elections, said a Blue House spokesman. ($1=1221.0 Won) (Reporting by Suh Kyung-min; Editing by Jonathan Hopfner)