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South Korea has a temperate climate with four distinct seasons

Winters are usually long, cold, and dry, whereas summers are short, hot, and humid. Spring and autumn are pleasant but short in duration. Seoul's mean temperature in January is -5° C to - 2.5° C; in July the mean temperature is about 22.5° C to 25° C.

In dollar terms, import prices grew 18.7 percent in January, with export prices gaining 3.5 percent, the BOK said.

The local currency fell 0.8 percent against the greenback in January from a month earlier. The price of Dubai crude, Korea’s benchmark, jumped 69 percent in January compared to a year earlier. South Korea is the world’s fourth-largest crude buyer.Raw material costs surged 48.7 percent year-on-year mainly due to higher oil prices while the prices of intermediate goods rose 10.6 percent in January, the BOK said.