The monthly export prices fell to a nine-month low in October on the back of a stronger won against the greenback, the South Korean central bank said on Tuesday. The October export price index fell to 82.12, down 3.5 percent from a month ago, and down 6.2 percent from a year ago, Bank of Korea data revealed. This is the sharpest fall since January with 4.3 percent. The October import price index also fell to 78.42, down 3 percent from a month ago, posting the fastest monthly drop since January’s

South Korea and China on Saturday agreed to strengthen bilateral cooperation on their shared vision of building logistics, trade and infrastructure networks that connect Asia, Europe and Africa.Citing similarities between Seoul’s “Eurasia Initiative” and Beijing’s “Belt and Road Initiative,” the two sides said they would collaborate in a wide range of fields including policy formulation, infrastructure connectivity, investments and trade promotion, and financial cooperation. The agreement was si