Asian economic and corporate news summary.

(From AFX Europe (Focus))

BEIJING (XFN-ASIA) - A summary of Asian economic and corporate news at 1000 GMT

SOUTH KOREA:

-Korean investors hurt by lack of tax exemption on some offshore fund investments - Fidelity

-LG Electronics announces strategic mobile partnership with Yahoo!

-LG Electronics wins contract for GSMA's low-cost 3G handset

-LG Electronics aims to sell 14 mln handsets in Europe in 2007,up 60 pct

-LG Electronics sues China's TTE for alleged patent violation

-Deutsche Post's DHL to invest 75 mln usd in South Korea over the next few yrs

-SKorea Megastudy 2006 opg profit up 31 pct on firm online education service ops

-SK Corp acquires 25 pct stake in Vietnam oil exploration project

HONG KONG:

-Hong Kong airport Jan passenger traffic up 0.7 pct yr-on-yr; cargo up 0.6 pct

-Hong Kong govt to auction another Tai Po land plot on March 13

-Yue Yuen Jan opg revenue 357.99 mln usd

-Li & Fung to buy Tommy Hilfiger's sourcing ops for 247.8 mln usd

-Li & Fung 'A3' rating affirmed; …