![[Sara Albrecht] Refund Tariffs the Right Way](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://wimg.heraldcorp.com/news/cms/2026/03/11/news-p.v1.20260311.e651f3bd62dd42b0826c913d354b87aa_T1.jpg)
The U.S. Supreme Court ruled recent tariffs unlawful, exposing a legal gap in how to reverse the economic fallout. Illinois Governor JB Pritzker proposes $1,700 checks for each household, totaling about $8.7 billion, to reimburse alleged consumer overcharges. The article argues refunds should follow the legal payment chain, returning money to importers who fronted the duties, not directly to consumers. It highlights the varied ways businesses absorbed costs, affecting margins, hiring, and investment, and warns that blanket consumer rebates could leave import‑dependent firms financially strained.
![[Wang Son-Taek] The Hidden Cost of War: Public Diplomacy](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://wimg.heraldcorp.com/news/cms/2026/03/11/news-p.v1.20260311.929efa03846b4bb2b5cbda2a4133aa61_T1.jpg)
The piece examines how prolonged conflicts impose hidden costs beyond the battlefield, focusing on public diplomacy’s role in shaping perceptions and economic stability. It cites the recent 7% plunge in the KOSPI amid Middle‑East tensions as a market signal of...

South Korean and Ghanaian leaders met to forge concrete cooperation on security and critical minerals. They outlined Korean investment in Ghana's mining sector, targeting lithium, cobalt and bauxite, while planning joint maritime and cyber‑defense drills. The agreement includes technology transfer,...

Samsung Biologics and U.S. pharma leader Eli Lilly have signed an agreement to launch a biotech incubator in Incheon’s Songdo district. The facility will host Lilly’s Gateway Labs platform, offering lab space, equipment, funding and R&D collaboration to emerging biotech firms....

South Korean game publisher NCSoft announced it will acquire a 70% stake in Berlin‑based developer JustPlay GmbH for 301.6 billion won (about $204.8 million). The transaction, slated to close by April 30, gives NCSoft controlling interest in JustPlay’s reward‑based mobile gaming platform and...

The International Council on Mining and Metals (ICMM) released a Global Mining & Metals GHG Emissions Dataset covering 1,700 facilities and 87% of production across 14 key commodities. The dataset provides a sector‑wide estimate of scope 1 and scope 2 emissions for...

Pablo Air, a South Korean AI‑drone startup, has demonstrated Level 4 autonomous swarm capability, coordinating up to 50 drones and planning a 300‑drone showcase this year. The company raised roughly 107.5 billion won and is gearing up for a KOSDAQ IPO after a...

Hyundai Motor Group plans to list its U.S. robotics unit Boston Dynamics on Nasdaq as early as 2027. Executive Chair Chung Euisun holds about a 20 percent stake, potentially yielding up to 20 trillion won ($13.6 billion) from the IPO. The proceeds would...

Seoul’s municipal government announced plans to expand its pool of medical‑tourism interpreter‑coordinators to roughly 1,000 this year, a ten‑fold jump from the current cadre. The expansion follows a newly signed memorandum of understanding with the K‑Medical Tourism Association, which will...

South Korea’s exports surged 29% year‑over‑year in February, hitting a record high. The jump was driven primarily by a sharp rebound in semiconductor shipments as global chip demand accelerated. The trade surplus expanded sharply, reinforcing the country’s position as a...

South Korea announced it will closely monitor any new U.S. trade actions after the Supreme Court upheld the legality of former President Donald Trump’s tariffs on steel, aluminum and certain Chinese goods. The ruling removes a major legal obstacle, allowing...

Samsung Electronics, Korean carrier KT and test‑equipment firm Keysight reported a record 3 Gbps downlink in the 7 GHz band, a core frequency earmarked for 6G. The speed was achieved using a prototype base station with massive MIMO architecture that transmitted eight...

South Korea announced it will seek to reinstate the no‑fly zone over the Demilitarized Zone that was established under the 2018 inter‑Korean military agreement. Unification Minister Chung Dong‑young disclosed the plan after earlier apologising for civilian‑operated drones that entered North...

Renault Korea has reversed a sales slump by launching the Aurora Project and a hybrid‑first Grand Koleos, boosting domestic sales 31.3% to 52,271 units in 2025. The model’s 86.5% hybrid mix drove 40,877 domestic deliveries, while exports dropped 46.7%, signalling a...