* LG Display down on market talks on Apple order cut
* Builders rally on policy hope
* Woongjin Holdings, Woongjin Chemical rally
SEOUL, Jan 14 Foreign selling capped gains for
South Korean shares on Monday morning as caution persisted about
corporate earnings, while Apple supplier LG Display
tumbled on a report of slowing iPhone sales.
The Korea Composite Stock Price Index (KOSPI) ticked
0.2 percent higher to 2,000.36 points as of 0236 GMT, after
opening down 0.14 percent.
"The KOSPI is undergoing a correction at around the
2,000-point level without momentum," said Kim Joo-yong, an
analyst at Bookook Securities.
"The KOSPI will continue to be rangebound before U.S.
housing data and China's GDP data be released later this week,"
Foreign investors sold a net 60.8 billion Korean won ($57.65
million) worth of shares on the main index as of 0232 GMT,
compared with 11.5 billion won on Friday, according to Korea
Heavyweights gained ground, with Samsung Electronics
up 0.4 percent and Hyundai Motor rising
Builders rallied after media reports said that the incoming
administration may come up with measures to boost the sluggish
Daewoo Engineering & Construction firmed 2.3
percent, while smaller builders such as Ssangyong Engineering &
Construction jumped by the daily limit of 15
LG Display, a supplier for Apple Inc.,
tumbled 4 percent to its lowest level in nearly three months,
after the Nikkei reported that its Japanese peers cut panel
output amid slower-than-expected iPhone 5 sales.
Woongjin Holdings rose by the daily limit of 15
percent after media reports said a court had approved its plan
to sell its chemical unit, Woongjin Chemical. Shares
in Woongjin Chemical also jumped nearly 15 percent.
($1 = 1054.7000 Korean won)
(Reporting by Hyunjoo Jin; Additional reporting by Chang
Seong-won; Editing by Kim Coghill)