Export prices of South Korean products have fallen by the steepest margin in six years.
In a Bank of Korea's report released on Thursday, December marked the fifth consecutive month that saw export prices fall with the export price index down zero.one percent compared to November.
An expert from the Bank of Korea found COVID-19 to be behind dwindling prices.
He attributed lowered international oil prices and international demand brought forth by the pandemic to the decline of prices.
A steep fall in export prices is concerning as it may dampen the economy by affecting the profitability of export companies.