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1. According to Seoul's military Tuesday, North Korea fired two short-range ballistic missiles toward the East Sea on Tuesday, a day after South Korea and the United States kicked off its Freedom Shield exercise.

2. The United States released the details of its largest-ever defense budget on Monday as it increased its missile defense budget in preparation for the hypersonic and ballistic missile threats from China, Russia and North Korea.

3. According to statistics released by the Bank of Korea on Tuesday, the import price index as of February rose 2-point-1 percent from January. This figure was due to last month's increase in international oil prices and a rise in the won-dollar exchange rates.