LG Elec swings to biggest profit in 3 years

(Reuters) - LG, the world's No. 5 handset maker, is likely to enjoy an extended recovery at its liquid crystal display joint venture, LG.Philips LCD Co. Ltd. .




But analysts warned the margins in mobile phones could fall on growing low-cost phone sales and a recovery from its loss-making plasma display panel business would be difficult.


Read more at Reuters.com Business News

South Korean Stocks Gain More Than 1 Percent for Fourth Day; Samsung Gains

(Bloomberg) -- South Korean stocks advanced more than
1 percent for a fourth day. Samsung Electronics Co. gained on
speculation prices for dynamic random access memory, or DRAM,
will rise, helping improve earnings.

LG.Philips LCD Co. advanced after brokerages including
Citigroup Inc. said the company will turn to profit in the second
quarter.


Read more at Bloomberg Stocks News