Exports to China drive Korea's growth

In a report published earlier this week, the Korea Institute for Industrial Economics said more than half of South Korea‘s economic growth since the financial crisis is due to its exports to China.
South Korea‘s gross domestic product stood at KRW504 trillion (US$447.2 billion) in the first half of 2010, up 4.2% from the same period in 2008.
Out of the total increase, about 52% was due to an increase in the volume of net exports to China.
Chosunilbo Daily reports that in the first half of this year, the country’s gross exports increased 3.5% from 2008 and exports to China rose 17.2%.