SEOUL, Feb. 21 (Korea Bizwire) — BMW Group Korea said Thursday that it will retroactively apply lemon laws on its vehicles sold from January in a move to boost sales in Asia’s fourth-biggest economy. The Korean version of lemon laws went into effect from Jan. 1, 2019, to enhance customers’ convenience, though it is not [...]
SEOUL, Dec. 24 (Korea Bizwire) — South Korea’s transportation ministry on Monday fined BMW 11.2 billion won (US$9.93 million) for allegedly trying to hide faulty parts and belatedly recalling its vehicles after some engines caught fire. About 40 engines of BMW vehicles caught fire earlier this year, prompting the German luxury carmaker to recall some [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean auto giant Hyundai Motor Co. is considering building a local driving center to offer customers opportunities to experience its vehicles, the company said Friday. At the Paris Motor Show, Vice President Thomas Schemera in charge of Hyundai’s performance-oriented cars unit said the company has a plan to [...]
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 [...]