In November, the Korea’s exports rose 19.8 percent on-year to US$30.9 billion due to strong overseas demand for LCD panels, semiconductors, ships and steel, a government report said in early November.

In a not so far future S. Korea will export more than Italy or UK.

Anyway, some specialists are worried too.

“There are rising concerns over a slowdown in export growth as the global economy cools,” said Lim Ro-jung, an economist at Kyobo Investment Trust Management.

Many analysts fear that South Korea’s export growth may lose momentum as demand cools in the United States, the world’s largest importer, and the local currency soars to the U.S. dollar. So far this year, the won has risen nearly 10 percent to the greenback, making Korean exports more expensive.

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