Korea’s export prices dropped to their lowest levels in more than five years last month due to the appreciation of the Korean won. The Bank of Korea said Tuesday that the country’s export prices dropped two.one percent in December from the same period the previous month. The drop is also attributed to low sales of steady sellers such as smartphones and iron ore. Import prices also dropped by three-and-a-half percent in December from the previous year, marking the sixteenth straight month of declines. Import prices rose a mere zero.four percent from the previous month with a slight increase in the prices of oil and raw materials.