Seoul shares rebound; techs, Woori Finance rise

*Exporters rise after losses on weak won

*Hyundai Motor gains after reaching wage deal

*Woori Finance up after denying interest in Lehman

(Updates to midmorning)

By Park Jung-youn

SEOUL, Sept 3 (Reuters) - Seoul shares traded higher on
Wednesday after their steep falls on the week, led by tech firms
and automakers, while Woori Finance Holdings rose after denying
reports it was considering an investment in Lehman Brothers.

The Korea Composite Stock Price Index .KS11 was up 0.81
percent at 1,418.47 points as of 0206 GMT.

"Stocks are making a reflexive rebound after their 5 percent
losses on the week, with foreign selling slowing down and pension
funds seen picking up shares," said So Jang-ho, a market analyst
at Samsung Securities.

Pension funds were net buyers of around 433 billion won
($382.8 million) worth of shares as of 0152 GMT.

"There are also hopes of some sort of market stimulus package
from the government amid the current worries about a financial
crisis, and many investors seem to view the won currency's
current level as the bottom," said Kim Joon-kie, an analyst at SK
Securities.

Shares in Woori Finance Holdings (053000.KS) rose 3.17
percent to 13,000 won after the group said it was not considering
joining a local consortium to invest in troubled U.S. investment
bank Lehman Brothers LEH.N.

However Shinhan Financial Group (055550.KS), which also said
it was not considering participating in a Lehman bid, continued
to fall, shedding 2.21 percent to 46,500 won.

Exporters gained after their latest losses on worries about
the economic outlook, with Samsung Electronics (005930.KS)
climbing 2.32 percent to 529,000 won and LG Electronics
(066570.KS) rising 3.72 percent to 94,900 won.

"Continued weakness in the won currency seems to be helping
exporters," said Kim Joong-hyun, a market analyst at Goodmorning
Shinhan Securities.

Shares in Hyundai Motor (005380.KS) rose after the automaker
reached a preliminary wage deal with union members late on
Tuesday, gaining 2.83 percent to 72,700 won. Kia Motors
(000270.KS) was up 4.28 percent to 13,400 won.

($1=1131.2 Won)