South Korea's financial market watchdog said on Tuesday that Hanwha Aerospace needed to better explain how a proposed 3.6 trillion won ($2.46 billion) equity raising fits with a broader plan to restructure the company.

South Korea's March exports grew for a second month but missed market expectations, as a global trade war triggered by U.S. President Donald Trump's tariffs raises uncertainty for manufacturers, government data showed on Tuesday.

South Korea's acting President Han Duck-soo vetoed on Tuesday a revision to the Commercial Act, saying the law's broadening of corporate board members' duty to all shareholders could impede management's decision-making and create unnecessary confusion.

Seoul, Beijing and Tokyo are major U.S. trading partners, although they have been at loggerheads among themselves over issues, including territorial disputes.

South Korean police said on Sunday they booked a man suspected of starting what grew into the country's largest wildfire, killing at least 26 people and razing thousands of buildings including historic temples.

South Korea's Hanwha Group Chairman Kim Seung Youn is giving a 11.32% stake in Hanwha Corp to his three sons, as part of the chaebol's succession, Hanwha said in a statement on Monday.

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The death toll in the wildfires raging across South Korea's southeastern region rose to 24 and the pilot of a firefighting helicopter was killed when the aircraft crashed on Wednesday, as the country battles some of its worst forest fires in decades.

The industry ministers of South Korea and China met on Saturday to discuss the evolving global trade environment and agreed to cooperate bilaterally as well as on multinational trade forums, the South's industry ministry said.

Wildfires raging in South Korea doubled in size on Thursday from a day earlier, as authorities called the blazes the country's worst natural fire disaster with at least 28 people killed and historic temples incinerated.