1. South Korea posted the worst on-year decline in January with exports falling for 4 consecutive months, triggered by weak demand in semiconductors and other flagship items.
2. The South Korean government announced measures on Wednesday to reduce the burden of heating bills on underprivileged or lower-income households. About 2.1 million households, therefore, will receive a heating bill subsidy of 592 thousand won for December to March.
3. South Korean Foreign Minister Park Jin departed for the United States on Wednesday to engage in talks on reinforcing the U.S.-South Korea relations.
