The move by the U.S. Federal Reserve to scale back its quantitative easing program, which traumatized some emerging markets, should have little impact on South Korean exports, a local think tank said Wednesday, although latest trade figures with those markets show some degree of contraction. According to the Institute for International Trade (IIT), ongoing tapering efforts by the U.S. central bank that went into effect in January should be seen as a sign that the world's largest economy is shaking off lethargy caused by the 2008 global financial crisis.