June 14 (Reuters) – The following is a summary of major South Korean newspapers on Monday prepared by Reuters in Seoul. Reuters has not checked the stories and does not guarantee their accuracy.
KOREA ECONOMIC DAILY
Hynix (000660.KS) a signed a “poison put” arrangement with creditors as fears arose of possible hostile takeover attempts, after creditors sold 5 percent of their shares and revealed plans to sell 5 percent more sometime this month, which could reduce their total holdings to 16 percent, according to a company source.
Every win by the South Korean national football team during the 2010 World Cup will have an economic value of around 2.5 trillion won ($2.01 billion), and if the team was to reach the next round of 16 the rise in public morale would be unmeasureable, according to a local research institute.
Close to 1 million people gathered at local plazas to cheer the South Korean national team during the World Cup match against Greece on Saturday, with big LCD screens placed in key locations throughout the city to provide live coverage of the match.
South Korea president Lee Myung Bak will visit Toronto to attend the G20 leaders summit beginning on June 26, and will also take the opportunity to visit Panama and Mexico once the summit is over, according to a Blue House spokesman.
MAEIL BUSINESS NEWSPAPER
A number of South Korean government websites were hit by denial of service (DDoS) attacks, but no damages were reported as authorities quickly spotted the attacks and blocked access, according to the Ministry of Public Administration and Security. ($1=1245.9 Won) (Reporting by Suh Kyung-min; Editing by Jonathan Hopfner)