South Korea's export prices down, import prices up in March

South Korea's export prices for March went down from the previous month on the stronger Korean won. According to the Bank of Korea on Friday, export prices dropped zero-point nine percent on-month.The local currency gained zero-point-seven percent on-month against the greenback in March.But import prices rose for three consecutive months, up zero-point-five percent on-month, despite the won's appreciation and steady oil prices. The central bank attributed the rise to soaring electrode prices, which went up near five-fold on increasing demand.The BOK said excluding these prices would result in a fall of import prices.