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1. South Korea’s new Foreign Minister Cho Tae-yul, who assumed office this week, and U.S. Secretary of State Antony Blinken held their first phone conversation on Thursday. The two agreed to work together to address North Korean threats and support peace in the Taiwan Strait and the South China Sea.

2. The Supreme Court on Thursday upheld another appellate court ruling that ordered Nippon Steel to compensate the family of a late South Korean victim forced into wartime labor during Japan’s colonial rule.

3. The Ministry of Economy and Finance said Friday that South Korea has shown growing signs of an economic recovery led by exports, though domestic demand remains weak.