In the past few years, many have argued that China’s growing engagement in international trade has played an important role in stabilizing global prices. However, there have been different opinions that do not consider China as a source of downward pressure on prices. In this regard, it is of interest to evaluate the influences of fast growing Korea’s imports from China on the domestic prices. Using macro and micro data, this paper estimates the effects of the imports from China on the Korea’s import prices and producer prices. Empirical results suggest that the growing imports from China have lowered the growth rate of the import prices. However, the relationship between  the imports from China and the producer prices is inconclusive.