POSCO

The most powerful typhoon to hit South Korea in years battered its southern region Tuesday, dumping a meter (3 feet) of rain, destroying roads and felling power lines, leaving 66,000 homes without electricity as thousands of people fled to safer ground.

As Russia has ordered operations in Ukraine, Korean companies have been also impacted. Korean companies have returned their expatriates from Ukraine, and are closely watching the situation.

A South Korean steelmaker on Friday said it plans to end a joint venture with a military-controlled firm in Myanmar.