South Korea Export Prices Jump 5.5% On Year In December

RTTNews | 242 days ago
South Korea Export Prices Jump 5.5% On Year In December

(RTTNews) - Export prices climbed 5.5 percent on year in December, the Bank of Korea said on Wednesday - following the downwardly revised 6.8 percent gain in November (originally 7.0 percent).

On a monthly basis, export prices were up 1.1 percent.

Individually, agricultural, forestry and marine product prices were down 0.4 percent on month and up 7.2 percent on year. Manufacturing products gained 1.1 percent on month and 2.3 percent on year.

Import prices rose an annual 0.3 percent, down from the downwardly revised 1.9 percent increase in the previous month (originally 2.2 percent).

On a monthly basis, import prices added 0.7 percent.

For all of 2025, export prices rose 2.3 percent and export prices fell 0.4 percent,

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Bank Of Korea Hikes Key Rate For Second Straight Time

Bank Of Korea Hikes Key Rate For Second Straight Time

The Bank of Korea raised its benchmark rate by a quarter-point for the second straight meeting on Thursday, to prevent broadening of inflationary pressures. The Monetary Policy Board of the Bank of Korea voted 6-1 to raise the base rate by 25 basis points to 3.00 percent. The bank had lifted the rate by a quarter-point at the previous meeting in July.
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