Korea's Cell-Phone Exports Jump 55%
South Korea’s IT exports topped $6.19 billion in July, up 30.8 percent from a year ago, despite external environmental factors such as high crude oil prices and hikes in U.S. interest rates. Exports of cellular phones rose to $1.95 billion last month, up 55.3 percent from a year ago, with exports of digital televisions increasing 12.8 percent to $130 million, thanks to a growing demand in the U.S. market coinciding with the 2004 Athens Summer Olympics.