Korean IT exports hit 14-month high due to increased chip demand

South Korea's IT export for November rose 3.3 percent compared to a year ago thanks to semiconductors and displays, the country's trade ministry has said. The rise ends 14 straight months of decline caused by the rise of Chinese competitors and the global economic downturn. Total IT export for the month was $14.8 billion, a rise of 3.3 percent from a year ago, while import was $8.08 billion, the Ministry of Trade, Industry and Energy said. BlackBerry licenses brand to Chinese phone maker TCL APAC users concerned about lack of safety standards in driverless vehicles Fujitsu secures 32 million euro deal to push Finnish smart healthcare projects No foreign ownership issues in TPG's path to becoming fourth Singapore telco Semiconductors contributed the lion's share with $5.79 billion, a rise of 11.6 percent year-on-year, thanks to rise in demand in mobile and servers and the price rise of DRAMs and NAND flashes. Displays marked $2.47 billion, an increase of 3.1 percent, thanks to large demand for OLED panels and rising prices.