Mineral products and metal prices are rising, and South Korea's import price index has been increasing for seven consecutive months.

On February 13th, the Bank of Korea released the "Import and Export Price Index" report, which showed that in January of this year, the import price index based on the Korean won increased by 0.4% compared to the previous month. This is the first time in 7 years and 6 months, since January to July 2018, that there has been a continuous increase for 7 consecutive months. The Bank of Korea stated that despite the fall in international oil prices and exchange rates, the prices of mineral products and metal products have increased, contributing to the rise in import prices.