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1. South Korea’s foreign ministry said late Thursday it will replace the Office of Korean Peninsula Peace and Security Affairs with the Office of Strategy and Intelligence, downsizing the bureau handling the North Korean nuclear issue to create a department focused on foreign policy intelligence-gathering.

2. According to data released by the Bank of Korea on Friday, South Korea's current account surplus reached 3-point-05 billion U.S. dollars in January on the back of strong exports of semiconductors and automobiles.

3. A Montenegro court on Thursday ruled that {권도형}Kwon Do-hyeong, the co-founder of cryptocurrency firm Terraform Labs, should be extradited to South Korea to face trial for financial crimes, reversing an earlier decision to send him to the U.S.