South Korean stocks traded 0.29 percent lower late Monday morning as investors took a wait-and-see approach on U.S. economic data slated to be announced this week, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) shed 5.44 points to 1,857.88 as of 11:20 a.m.

Tech blue chips led the market decline, with leading Samsung Electronics falling 0.97 percent and top flat panel maker LG Display losing 1.64 percent.

Mobile carriers also traded bearish, with SK Telecom falling 2.86 percent and KT moving down 1.54 percent. LG Uplus, the smallest player, shed 2.09 percent.

The local currency was changing hands at 1,137.65 won against the U.S. dollar, up 4.35 won from Friday's close. (Yonhap News)