1. South Korean President Yoon Suk-Yeol and U.S. President Joe Biden formally announced that South Korea will be hosting the 3rd Summit for Democracy.
2. A bill that provides tax incentives to South Korean chipmakers is expected to pass the National Assembly on Thursday to boost the country’s semiconductor industry.
3. Russia’s Deputy Foreign Minister Sergei Ryabkov told the country’s news agencies on Wednesday that Russia had suspended all information exchanges with the U.S., following the suspension of its participation in the New START nuclear arms treaty last month.
