South Korean exports price index dropped by 1.5% in May, compared with the previous decline by 1.5% in April, also South Korean annualized exports price index retreated to 3.3% during the year ended May, from 7.7% a year earlier.

Moreover, South Korean imports price index monthly reading slumped to -2.3% in May, compared with a previous incline 0.7%, while the annualized imports soared to 13.2%, from 19.0%.