Top headlines in major S. Korean newspapers

SEOUL, July 5 (Yonhap) -- The following are the top headlines in major South Korean newspapers on July 5.

Korean-language dailies
-- Trading punches on IT firms, U.S., China on path to full-scale war (Kyunghyang Shinmun)
-- Cheong Wa Dae to review presidential secretary post revival for education and culture (Kookmin Daily)
-- Call to increase taxes on rich put on hold after just one day (Donga llbo)
-- Despite bad signs of grand canal project, ex-president pursued four rivers with 6-meter water depth (Seoul Shinmun)
-- Already 4th time ... audit on Four Rivers Project shifts with administration changes (Segye Times)
-- 6 of top 10 conglomerates: Investments reduced from original amount budgeted at beginning of year (Chosun Ilbo)
-- Kim Dong-yeon puts on brakes on presidential committee's tax increase proposal (JoongAng Ilbo)
-- 'Four rivers secret' revealed, ex-president ordered water depth of 6 meters (Hankyoreh)
-- Renting new aircraft? Cheong Wa Dae in presidential plane dilemma (Hankook Ilbo)
-- Financial income tax increase proposal scrapped after one day (Maeil Business Newspaper)
-- Kim Dong-yeon says no tax increase on financial income (Korea Economic Daily)

English-language dailies
-- It's 'Peace' vs. 'Prosperity' in Pyongyang (Korea JoongAng Daily)
-- Two Koreas hold first unification basketball match in 15 years (Korea Herald)
-- 2 Koreas hold joint basketball friendlies (Korea Times)
(END)