SEOUL, Sept. 17 (Korea Bizwire) — Justice Minister Park Sang-ki said Monday the government will try to expand the class action lawsuit system so as to enable consumers to file such suits not only in stock-related cases, but also in other areas. Park made the remark during a meeting with victims of high-profile consumer cases, [...]
SEOUL, Sept. 6 (Korea Bizwire) — Sales of imported vehicles in South Korea jumped 9.5 percent in August from a year earlier on strong demand for German cars, industry data showed Thursday. The number of newly registered foreign vehicles stood at 19,206 last month from 17,547 a year ago, the Korea Automobile Importers and Distributors [...]
SEOUL, Sept. 6 (Korea Bizwire) — The South Korean government said Thursday it will impose penalties on carmakers that cover up manufacturing defects and fine them for delayed recalls. The move comes in the middle of BMW Korea’s recall of 106,317 vehicles in South Korea to fix a faulty part following dozens of engine fires [...]
SEOUL, Aug. 30 (Korea Bizwire) — A BMW vehicle caught fire in South Korea on Thursday amid a series of similar cases that have led the German carmaker to start a massive recall in the country. Local authorities said a BMW 750Li automobile caught fire at 3:58 p.m. in Daejeon, 160 kilometers south of Seoul, [...]
SEOUL, Aug. 27 (Korea Bizwire) — German carmaker BMW ranked No. 1 among imported cars registered in South Korea, industry data showed Monday, maintaining its lead despite a string of vehicle fires that have shaken consumer confidence in the brand. According to the data compiled by the Korea Automobile Manufacturers Association and the Korea Automobile [...]
SEOUL, Aug. 24 (Korea Bizwire) — BMW 520d owners held a press conference yesterday at the press center situated at Ulsan City Hall regarding the recent spate of engine fires in the German carmaker’s vehicles. The owners called for the adoption of laws that would allow the public to file for punitive damages, which they [...]
SEOUL, Aug. 22 (Korea Bizwire) — After BMW Korea’s recent decision to recall its vehicles, the price of used BMWs is falling with the number of cars being sold stagnating. This is according to SK Encar, South Korea’s biggest online used car market, which surveyed current market prices and number of vehicles sold for BMW’s [...]
SEOUL, Aug. 17 (Korea Bizwire) — Some 11,400 BMW vehicles have yet to be inspected for safety as of Friday, with about 7,900 of them having received reservations to undergo checks, the transport ministry said. The German automaker recalled 106,317 BMW cars after a string of cases of engines catching fire. There have been 40 [...]
SEOUL, Aug. 17 (Korea Bizwire) — With the recent series of fires in BMW vehicles and Korean-made cars, car safety items are selling better than ever. Ticket Monster, a leading e-commerce website, said revenue derived from sales of car fire extinguishers during a period of two weeks between August 1 to 14 grew by 3,246 [...]
SEOUL, Aug. 16 (Korea Bizwire) — A South Korean law firm on Thursday called on the government to adopt its proposed test measures to find out the cause of fires in BMW vehicles amid growing safety concerns about cars made by the German luxury brand. In a press conference held in Seoul, Barun Law LLC., [...]