South Korea expects to see its exports grow 4 percent this year, slowing down from a double-digit expansion in 2017, amid a strengthening local currency and potential geopolitical risks, the industry minister said Monday.
"The government will do its best to attain 4 percent growth in export growth this year by pre-emptively coping with possible downside risks," Minister of Trade, Industry and Energy Paik Un-gyu said in a New Year's visit to Incheon International Airport, the country's main gateway.
Outbound shipments of Asia's fourth-largest economy soared 15.8 percent to an all-time high of $573.9 billion in 2017 thanks to booming global demand.
