South Korean stocks opened higher Monday tracking gains on the Wall Street in the previous trading session, analysts said.

The benchmark Korea Composite Stock Price Index (KOSPI) moved up 2.18 points, or 0.11 percent to 1,926.03 in the first 15 minutes of trading.

Shares gathered ground across the board, with No. 1 carmaker Hyundai Motor adding 0.48 percent and its smaller affiliate Kia Motors advancing 0.17 percent. Top chipmaker SK hynix added 3.54 percent.

U.S. stocks gained ground on Friday on expectations that the country may maintain quantitative easing measures down the road, with the Dow Jones industrial average rising 1.38 percent and tech-laden NASDAQ composite index gaining 1.32 percent.

The local currency was trading at 1,119.95 won against the U.S. dollar as of 9:15 a.m., down 2.85 won from Friday's close. (Yonhap News)