In this study, it was analyzed how the pore pressure behind a subsea tunnel influences on the stability of the tunnel. The tunnel is located in the soft rock layer, and a soft sandy layer and weathered soil layer are located on the top of it. Coupled numerical analyses are performed for both drained and undrained condition with varying coefficients of lateral earth pressure. In the case of undrained conditions, the stability of the tunnel was analyzed with different thicknesses of shotcrete. On the other hand, a sensitivity analysis was performed with different hydraulic conductivities and porosities of the shotcrete for the drained conditions. The stability of a subsea tunnel was evaluated in terms of safety factor suggested by You et al.(2000, 2001, 2005) based on the shear strength reduction technique. In this paper, the safety factor of a tunnel was calculated under steady state flow condition during hydro-mechanical coupled analysis. As a result, it was found that the stability of a subsea tunnel could be rather increased by allowing a proper amount of groundwater inflow into a subsea tunnel.