SEOUL, Jan. 28 (Korea Bizwire) — The majority of the customers looking for imported cars are in their 30s, a recent study has showed. The Korea Automobile Importers and Distributors Association reported that among 244,780 cars sold in the imported car market, 153,677 cars were sold to private individuals. Among them, customers in their 30s [...]
SEOUL, Dec. 28 (Korea Bizwire) — BMW Korea has virtually won a lawsuit against the over 60 billion-won (US$51.7) fine imposed by the government over the auto company’s gas emission verification, sources said Saturday. In September, the Supreme Court of Korea convicted BMW Korea of illegally skipping the compulsory gas emission verification process and forging [...]
INCHEON, Nov. 27 (Korea Bizwire) — BMW Group on Wednesday reaffirmed its commitment to the South Korean market as it strives to regain trust following a sales drop caused by a number of cars catching fire last year. Two BMW directors — Pieter Nota, head of BMW AG’s customer, brands and sales operations, and Nicolas [...]
SEOUL, Oct. 21 (Korea Bizwire) — BMW Group Korea said on Monday that it expects to sell over 10,000 MINI models in South Korea this year amid efforts to regain ground following a sales drop caused by some cars catching fire last year. The German carmaker is on track to sell more than 10,000 MINI [...]
SEOUL, Aug. 28 (Korea Bizwire) — BMW Group Korea said Wednesday it will invest 43 billion won (US$35 million) to expand its logistics and driving centers in South Korea in a move to regain consumer confidence following massive recalls. BMW plans to make an additional investment of 30 billion won in the Regional Distribution Center [...]
SEOUL, Jun. 26 (Korea Bizwire) – BMW AG said Wednesday it will further strengthen its luxury lineup to regain its leading status in South Korea after its sales plunged in the wake of engine fire incidents last year. On Wednesday, BMW began to sell the upgraded flagship 7 Series in the domestic market following the launches of [...]
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, [...]