Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP News Agency) jonghyuk Kim Journalist = Because of the decrease in international oil prices, both of import and export prices decreased. Even the won-dollar exchange rate raised, however decrease in international oil prices caused the lowest export price in 29 years and 2 months.

The import prices was the lowest level in 8 years and 1 month.

According to “Export and import price index Nov. 2015” published by the Bank of Korea, the export price on Nov. was 80.98, decreased by 1.0% from last month. It is the lowest number in 29 years and 2 months from Sep. 1986, at that time the export price was 80.79. Moreover, it is 8.6% less than same month last year, this amount of falling is the largest in 10 months from this Jan.(-8.6%).

The won-dollar exchange rate raised, the industry of electricity, electronics, coal and petroleum product are effected to decline.

The average rate of won-dollar exchange on Nov. has raised to 1151.97 won from 1148.18 won Oct. it is 0.3% higher than last month.

NSP News Agency/NSP TV jonghyuk Kim Journalist, awake12@nspna.com
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