UPDATE 1-S.Korea electronics exports growth to China slows

Tue Feb 2, 2010 10:05pm EST

* Exporters concerned about China's crackdown on lending

* Electronics make up a third of South Korean exports

(Updates with details)

SEOUL, Feb 3 (Reuters) - South Korean exports of electronic goods to China continued to grow in January from a year earlier, but the pace slowed from December, government data showed, amid jitters over the impact from China's moves to cool credit growth.

Electronics exports to China grew 122.3 percent to $4.16 billion in January from a year earlier, but slowed from a 132.8 percent annual gain to $4.12 billion in December, Ministry of Knowledge Economy data showed on Wednesday.

It marks the first time in 10 months that annual growth in electronics exports to China have worsened from the previous month. Electronic goods make up one-third of South Korea's total exports.

The data contrasted with other figures, released on Monday, that suggested exports to China, which absorbs about 30 percent of South Korea's exports, rose about 6 percent in the first 20 days of January from the same period in December. [nTOE610009]

((Reporting by Yoo Choonsik; Editing by Chris Lewis))

((choonsik.yoo@thomsonreuters.com; +82 2 3704 5580; Reuters Messaging: choonsik.yoo.reuters.com@reuters.net))

((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: KOREA ECONOMY/CHINA

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