S.Korea's trade terms hit record low in August
SEOUL, Sept. 29 (Xinhua) -- South Korea's terms of trade hit a record low last month due to faster growth in import costs than export prices, central bank data showed Thursday.
The net terms-of-trade index for goods, which gauges the amount of import that can be bought with a unit-export proceed, was 82.49 in August, down 10.3 percent from a year earlier, according to the Bank of Korea (BOK).
It marked th