* KOSPI falls, foreigners net buyers

* Korean won weakens against dollar

* South Korea benchmark bond yield rises

SEOUL, Jan 24 (Reuters) - Round-up of South Korean financial markets:

** South Korean shares fell on Wednesday as heavyweight chipmakers dragged, with a stronger U.S. dollar and rising Treasury yields weighing on investor sentiment.

** The won weakened, while the benchmark bond yield rose.

** The benchmark KOSPI fell 9.85 points, or 0.40%, to 2,468.76 by 0134 GMT.

** The KOSPI recovered some of its early losses after falling as much as 0.98%, as the Chinese market started the session on a strong note.

** The U.S. Federal Reserve will wait until the second quarter before cutting interest rates, a Reuters poll showed, with June seen more likely than May and less easing forecast this year than markets now expect.

** North Korea fired multiple cruise missiles towards the sea off its west coast on Wednesday, South Korea said. Local financial markets in recent days have become more sensitive to heightening geopolitical tensions.

** Among index heavyweights, chipmaker Samsung Electronics fell 1.73% and peer SK Hynix lost 1.78%, but battery maker LG Energy Solution climbed 1.61%.

** Investors were seen booking profits from a recent rally in chipmakers, according to analysts.

** Hyundai Motor shed 0.60% and sister automaker Kia Corp lost 0.91%, while search engine Naver and instant messenger Kakao were down 0.46% and 1.21%, respectively.

** LG Display fell 1.08%, as the flat-screen maker flagged continued economic instability after posting its first profit in seven quarters on holiday demand.

** Of the total 934 traded issues, 259 shares advanced, while 601 declined.

** Foreigners were net buyers of shares worth 5.5 billion won ($4.11 million) on the main board.

** The won was quoted at 1,338.9 per dollar on the onshore settlement platform, 0.41% lower than its previous close at 1,333.4.

** In money and debt markets, March futures on three-year treasury bonds fell 0.09 point to 104.79.

** The most liquid three-year Korean treasury bond yield rose by 2.8 basis points to 3.314%, while the benchmark 10-year yield rose by 5.2 basis points to 3.423%. ($1 = 1,339.2600 won) (Reporting by Jihoon Lee; Editing by Subhranshu Sahu)