In one of the clearest indications yet of how the turbulent global trade conditions are affecting South Korea,... new figures show the country's export AND import prices dropped sharply last month.
According to the Bank of Korea on Thursday,... South Korea's export prices fell by more than two-percent in November compared to the previous month.
The appreciation of the local currency contributed to the drop in export prices... trading at an average of one-thousand-128 won against the greenback,... a zero-point-two-percent drop a month earlier.
Import prices fell by four-point-six percent on-month... mainly due to a drop in international crude prices.
Dubai crude, Korea's benchmark, slumped more than 17-percent compared to the previous month to around 65 U.S. dollars.
