South Korea's import and export prices both rose for the second consecutive month in November, due to the won’s depreciation against the U.S. dollar despite a drop in global oil prices.
 
According to data from the Bank of Korea on Friday, the country's export price index reached 130-point-59 in November, up one-point-six percent from a month earlier.

The import price index also rose one-point-one percent month-on-month to 139-point-03 in November. 

The central bank attributed the rises to the sharp depreciation of the local currency, which weakened two-point-four percent on-month against the U.S. dollar in November.

The price of Dubai Crude, South Korea's benchmark, however, slipped three-point-one percent month-on-month in November.