SEOUL, July 29 (Yonhap) -- The following are the top headlines in major South Korean newspapers on July 29.

Korean-language dailies

-- Gov't to strengthen comprehensive real estate tax, raising fair market value ratio to 80 percent for owners of multiple homes (Kyunghyang Shinmun)

-- KOSPI hit by 'China Shock,' tumbles below 6,000-point mark during intraday trading (Kookmin Daily)

-- KOSPI drops to below 6,000 points during trading, hit by semiconductors from U.S., China (Donga Ilbo)

-- Local stocks in panic akin to IMF crisis; market cap of 2,000 tln won vanishes in 1 month (Seoul Shinmun)

-- Constitutional revision aimed at having presidents seek consecutive terms, ultimately choice of people, says National Assembly speaker (Segye Times)

-- KOSPI tumbles as Chinese semiconductors rise (Chosun Ilbo)

-- KOSPI closes around 6,000 points, hit by Chinese semiconductors (JoongAng Ilbo)

-- Constitutional reform aimed at allowing presidents to seek another term, choice of the people, says Assembly speaker (Hankyoreh)

-- Samsung, SK hynix tumble on counteroffensive from Chinese semiconductors (Hankook Ilbo)

-- Paradox of regulations: Chinese semiconductors accelerate their independence (Maeil Business Newspaper)

-- Semiconductors experience worst day ever (Korea Economic Daily)

English-language dailies

-- Lee and Lula revive bid for Korea-Mercosur pact, bolster defense ties (Korea Herald)

-- Foreign population tops 4% as Korea grapples with aging workforce (Korea Times)

-- KOSPI plummets over 10 pct as China chip fears hit (Korea JoongAng Daily)

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