South Korea's import prices, in won terms, climbed 10.6% year-on-year in March, at a slower pace compared to an 18% rise in February, the Bank of Korea said Wednesday.

Month-on-month, import prices increased 1.3% in March, slowing from a 3.9% rise in February.

Meanwhile, export prices, in won terms, rose 17.4% annually in March, slower than a 22.9% increase in the previous month. On a monthly basis, export prices increased 1.6% in March compared to a 4.8% rise in February.

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