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U.S. Focuses on Tariffs in Calls for FTA Renegotiation

U.S. Focuses on Tariffs in Calls for FTA Renegotiation

SEOUL, Jul. 16 (Korea Bizwire) — The United States has left Korean companies in a state of anxious premonition as it has officially asked the Korean government to form a joint committee for the purpose of revising the current free trade agreement (FTA) between the two nations. For the automobile industry, the issue that looms large is [...]

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

Ministry Investigating Mercedes-Benz Vehicles on Alleged Emissions Fraud

SEOUL, Jul. 14 (Korea Bizwire) — South Korea’s environment ministry has launched a probe into some imported Mercedes-Benz vehicles, an official said Friday, amid reports about an emissions fraud scandal involving German luxury automaker Daimler. “We have found that there are some 40 kinds of imported Mercedes-Benz vehicles suspected of carrying the emissions manipulation device,” [...]

Mercedes-Benz Sales Gain Traction in S. Korea, BMW Struggles to Keep Pace

Mercedes-Benz Sales Gain Traction in S. Korea, BMW Struggles to Keep Pace

SEOUL, Jul. 9 (Korea Bizwire) — German luxury carmaker Mercedes-Benz is speeding ahead in terms of sales in South Korea, while its main rival BMW is struggling to keep pace, industry data showed Sunday. According to sales figures released by the Korea Automobile Importers and Distributors Association (KAIDA) and other market trackers, Mercedes-Benz midsize E-Class [...]