Import prices down for 2nd month in May on decline in oil prices (opens original article in a new tab)

South Korea's import prices fell for the second month in May, driven by lower oil prices amid the Middle East conflict, while export prices rose for the 11th consecutive month.

• Import prices fell 0.3% in May, continuing a two-month decline
• Oil prices dropped due to Middle East conflict, affecting import costs
• Export prices rose 0.3% in May, marking 11th consecutive monthly increase