CORRECTED - CORRECTED-Seoul shares slide below 1,000 pts led by Samsung

(Corrects lead paragraph to say Seoul shares breached 1,000
points for the first time in over three years, not since the
1997 Asian financial crisis)

*KOSPI falls below 1,000 points

*KOSPI halved from Nov. 2007 historic high

*KOSPI down 16 pct on week, set for its worst week in 10
yrs

*Samsung Electronics leads loss on dim earnings outlook

*Junior Kosdaq below 300 points, fresh all time low

(Updates to midmorning)

By Seo Eun-kyung

SEOUL, Oct 24 (Reuters) - Seoul shares plunged 6 percent on
Friday, with the benchmark index breaching 1,000 points for the
first time in over 3 years as investors dumped exporters on a
bleak global economic outlook.

The Korea Composite Stock Price Index .KS11 fell to as low
as 984.83 points, the worst intraday level in 41 months, later
edging up to be 5.1 percent lower at 996.01 points by 0258 GMT.

The index, now halved from its historic high of 2,085
points in Nov. 2007, has fallen 15.6 percent so far this week,
on course to post its worst week since the 1997 financial
crisis.

"The collapse of the 1,000 points signifies that we're in a
serious crisis and this might not go away soon," said Kim
Seong-ju, a market analyst at Daewoo Securities.

"The 1,000-point level has a lot of meaning for the Korean
stock market. It took 16 years to get there and the level
collapsed just in a year, with investors completely losing
confidence about the economy and government bailouts," he said.

The Korea Exchange temporarily halted programme trading on
its main board due to volatile futures prices for five minutes
from 0102 GMT, its 11th such volatility-taming measure this
year.

The junior Kosdaq market .KQ11 tumbled 5.3 percent to a
fresh all time low of 292.63.

Foreign investors were sellers of a net 58.7 billion won
($41.88 million) worth of shares on the mainboard as of 0144
GMT.

Exporters were pounded as investors ignored Samsung
Electronics' (005930.KS) solid quarterly results and feared
grim days ahead, with the dim global economic outlook
outweighing any windfall gains from a weak won against major
international currencies.

The world's No.1 memory chip maker slid as much as 5
percent, extending its steep losses for a fourth straight day,
after saying that it posted a 44 percent drop in third-quarter
net profit, hurt by a global slowdown, while operating profit
beat estimates on resilient semiconductor
business.[ID:nnSEF000228].

LG Electronics (066570.KS), the world's No.4 cellphone
maker, was down 4.8 percent and Hynix Semiconductor (000660.KS)
down 6.4 percent.

Shares in Hyundai Motor (005380.KS), which on Thursday
reported forecast-beating quarterly results, outperformed the
wider market, falling a relatively small 1.7 percent.

Affiliate Kia (000270.KS) fell 1.4 percent after announcing
a swing to operating profit in the third quarter, aided by new
models and higher sales of its Morning minicar.

Shares in Hanwha Corp (000880.KS), the de-facto holding
firm of explosives maker Hanwha Group, dropped the intraday
limit of 15 percent to 17,000 won on reiterated concern a bid
for Daewoo Shipbuilding (042660.KS) might burden the company's
finances.

Top shareholder Korea Develeopment Bank plans to announce a
preferred bidder for Daewoo at 0600 GMT.

(Editing by Keiron Henderson)