On Tuesday Seoul shares opened lower influenced by the falls in the European markets.

European markets have been hit by bank and steel issues.

The Korean Won has also become weaker. Despite this, SK Broadband, a Seoul-based Korean telecommunications company, one of the largest providers of high-speed broadband internet access in South Korea rose for a third session.

The Korean Composite Stock Price Index also retreated 1.50 percent to 1,157.85 points.