Like a number of Asian cultures, the Koreans have the potential to control the world. "Made In Japan" was a gag punchline in the 60s and 70s, it's a guarantee of quality now. The Koreans are the next Japanese, and after them come the Chinese, the Vietnamese, Filipino, Indonesian and other cultures. This WILL be the Asian century, that is widely acknowledged, and it's down to the examples and sense of competition demonstrated not by Europe but by other Asian countries.
Fact is, Asia is happy to trade with Europe and America, but they actually don't NEED us.