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South Korea's Export, Import Prices Rise in July

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South Korea's export prices surged 49.1% year over year in July, according to preliminary data released by the Bank of Korea on Friday.

The pace of growth accelerated/decelerated from the revised 48.7% increase recorded in the previous month.

On a month-over-month basis, export prices edged up 1.0%, improving from the flat movement in the preceding month.

Meanwhile, import prices rose 18.7% from a year earlier, compared with a revised 20.9% expansion in the prior month.

On a month-over-month basis, import prices declined 1%, softer than the 4.2% drop previously.

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