Seoul shares inch lower on LG Elec, Doosan Heavy

* KOSPI off 1.4 pct; foreign investors net buyers

* Exporters under pressure from firmer won

* Doosan Heavy leading falls after poor Q3 results (Updates with comments, other share prices)

By Kim Yeon-hee

SEOUL, Nov 5 (Reuters) - Seoul shares turned lower on Thursday after a brief rebound the day before, weighed by caution over the pace of an economic recovery and as the firmer won hammered exporters such as LG Electronics (066570.KS).

Investors are on the lookout for fresh economic data to restore confidence in stocks, ahead of the U.S. monthly labour turnover survey and the Bank of Korea's monthly rate-setting meeting due next week.

"Investors are looking at the first batch of fourth-quarter indicators now that we are unsure about whether markets will remain solid in November or not," said Kim Seung-han, a market analyst at HI Investment & Securities.

The Korea Composite Stock Price Index was 1.44 percent down at 1,556.27 points by 0125 GMT. On Wednesday, the index ended a six-day losing streak to close at a session high.

Trade volume has been on the decline, with 81 million shares changing hands in mid-morning and foreign investors picking up a net 5.6 billion won worth of shares.

The daily transaction volume slid to a 14-month low on Wednesday.

Shares in LG Electronics, the maker of mobile phones and flat-screen TVs, dropped 2.3 percent to 106,500 won.

Samsung Electronics (005930.KS) shed 1.6 percent, after it told the Korea Exchange that it would make a $1.3 billion down payment to Qualcomm Inc (QCOM.O) under a new licensing agreement.

Doosan Heavy Industries (034020.KS) also led losses in active trade, down 6.3 percent following sluggish third-quarter earnings.

GS Engineering & Construction Co Ltd (006360.KS) rose 1.9 percent, after it announced a $3.1 billion refinery expansion project received from the United Arab Emirates. [ID:nSEO215472]

On the economic front, South Korea's exports to China in October increased 9.7 percent from a year earlier, gaining for a second consecutive month, the finance ministry said. [ID:nSEW002111]

The won KRW= wiped out initial gains to be quoted at 1,179.80 per dollar, after it advanced to 1,170.90 early in the day. (Editing by Jacqueline Wong)