South Korea warns exports may slow on won, oil

South Korean exports could slow due to higher oil prices and the won's strength. Won is South Korean the name of currency. Although South Korean companies expect exports to continue expanding, higher oil price and stronger won's strength brings less amount of products exported. South Korean companies must export more and more products to survive because of scarce natural resources. However, higher oil prices and the won's strength also result in less foreign investment. These are why the fact that higher oil price and stronger won's strength is a hot issue in South Korean economy now. So, many poeple are worrying about that the economic and financial difficulties of 1997 may be happend again.