Korea's export-import prices rise in February on stronger Korean won

Arirang News 2018-03-14

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South Korea's export-import prices for February inched up from the previous month on the stronger Korean won.
According to the Bank of Korea on Wednesday, export prices rose one percent on-month on the back of a rise in chemical and electronics prices.
Import prices also rose zero-point-seven percent on-month despite a fall in global oil prices.
In February, crude oil prices into Korea slumped by over five percent on-month to less than 63 U.S. dollars a barrel.
The central bank said the prices were mainly affected by the appreciation of the Korean won against the greenback.

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