S. Korea's export prices rise for fourth consecutive month in May
South Korea's export prices rose for the fourth consecutive month in May.
The Bank of Korea says... the export price index came to 103-point-1-6,.... up two-point-six percent from April due to the weaker Korean won.
The won-to-dollar exchange rate rose near four percent on-month to 1-thousand-1-hundred-83 won against the greenback.
Export prices of electronics and transportation equipment went up.
The weaker local currency also pushed up overall import prices...despite a slight fall in global oil prices.
Import prices rose over two-percent on-month in May.
The Bank of Korea says... the export price index came to 103-point-1-6,.... up two-point-six percent from April due to the weaker Korean won.
The won-to-dollar exchange rate rose near four percent on-month to 1-thousand-1-hundred-83 won against the greenback.
Export prices of electronics and transportation equipment went up.
The weaker local currency also pushed up overall import prices...despite a slight fall in global oil prices.
Import prices rose over two-percent on-month in May.