South Korean Finance Minister Hyun Oh Seok

South Korean Finance Minister Hyun Oh Seok

Andrew Harrer/Bloomberg

“My thought for now is that if the global economy retains the pace of recovery in the second half, we may be able to make the initial exports estimate, despite the yen,” said Hyun Oh Seok, South Korea's finance minister. The ministry earlier forecast 4.3 percent export growth this year.