South Korea's export prices fell more than five percent last year to post the largest on-year drop in six years.
According to data from the Bank of Korea(BOK) on Thursday, the country's export price index, in terms of the local currency, dropped by point-one percent in December from a month earlier.
The reading marks the fifth consecutive month of on-month drops since August.
From a year earlier, the index plunged five-point-four percent, marking the 19th straight month of on-year decline.
For all of 2020, export prices slipped five-point-three percent, the largest on-year drop since 2014, when it fell six percent.
The local currency's appreciation against the U.S. dollar contributed to last month's fall in export prices, as the won gained one-point-nine percent on-month against the greenback, or six-point-nine percent on-year.