Export, import prices rise for second month on FX, tech costs
Korea’s export and import prices both rose in August for the second consecutive month, driven by a weaker won and higher prices for computers and electronic equipment, the Bank of Korea said on September 16.
Export prices climbed 0.7% from July but fell 1.0% from a year earlier. The average won-dollar exchange rate rose from 1,375.22 in July to 1,389.66 in..