SEOUL, July 6 (Korea Bizwire) — BMW Korea announced today the launch of the New X5, a premium mid-size sport-utility vehicle (SAV), and the New X6, a premium mid-size sport-utility coupe (SAC), in Korea. The models come in four variants for the X5 and three variants for the X6. Equipped with 48-volt mild hybrid technology, [...]
SEOUL, Dec. 16 (Korea Bizwire) – BMW Group Korea said Thursday it has signed an initial pact with a provincial government to build a research and development center to provide advanced mobility services to local customers. BMW Korea signed a memorandum of understanding with the Incheon metropolitan city and the Korean Free Economic Zones to [...]
SEOUL, July 2 (Korea Bizwire) — An appeals court on Friday upheld a lower court’s decision to nullify the bulk of financial penalties imposed in 2017 by the South Korean government on the local unit of German automaker BMW for falsifying documents on gas emissions required for domestic sales. The Seoul High Court approved the [...]
SEOUL, Jan. 26 (Korea Bizwire) — BMW Group Korea said Tuesday it will invest 60 billion won (US$54 million) until 2023 in expanding its local logistics center. The logistics center in Pyeongtaek, just south of Seoul, will be able to accommodate about 18,000 vehicles, up from the current 11,000 with the expansion, the company said [...]
SEOUL, Sept. 16 (Korea Bizwire) — Prosecutors on Wednesday raided BMW Korea’s office and server storage in Seoul, as part of their investigation into the German automaker’s suspected attempt to cover up mechanical defects blamed for a string of engine fires over the past years. About 20 prosecutors and investigators from the Seoul Central District [...]
SEOUL, Nov. 17 (Korea Bizwire) — BMW Group Korea said Sunday it will strengthen its electrified vehicle lineup to revive sales in line with the German automotive group’s broad environment-friendly vehicle strategy. BMW has recently announced its plan to release 25 zero-emission and less-emitting vehicles by 2025. BMW Korea said it plans to add the [...]
SEOUL, Mar. 21 (Korea Bizwire) — BMW Korea announced on Wednesday that it will be introducing 29 new models at the upcoming 2019 Seoul Motor Show scheduled for March 29. BMW Korea will be making a bold proposal for the future, mobility, and design of automobiles by introducing the BMW Concept M8 Gran Coupe for [...]
SEOUL, Jan. 10 (Korea Bizwire) — A Seoul court on Thursday ordered the local unit of BMW AG to pay a fine of 14.5 billion won (US$12.9 million) for falsifying documents on gas emissions required by the South Korean government for domestic sales. Finding the automaker guilty of violating the customs law, the Seoul Central [...]
SEOUL, Aug. 8 (Korea Bizwire) — A group of BMW owners will file a complaint with police this week seeking a criminal investigation into top officials at the local unit of the German carmaker over a recent series of fires in vehicles, a law firm representing the plaintiffs said Wednesday. Barun Law LLC said it [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea will look into BMW Korea over its alleged delay in the recalling of more than 100,000 passenger cars, an official said Thursday, as the latest vehicle fire is fueling safety concerns. A BMW 520d sedan caught fire while being driven on a local expressway at 11:47 a.m. [...]