SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s government on Tuesday banned sales and revoked the certifications of 80 vehicle models of Audi Volkswagen Korea, which has been suspected of obtaining permission to sell cars here by fabricating reports. Under the administrative measure, the Ministry of Environment separately slapped the German automaker with fines of [...]
SEOUL, July 25 (Korea Bizwire) – South Korea’s government held a hearing on German carmaker Volkswagen’s emissions scandal Monday before finalizing a decision that can revoke the certifications of dozens of its vehicle models implicated in the scandal. The Ministry of Environment conducted the hearing at the National Institute of Environmental Research (NIER) in Incheon, [...]
SEOUL, June 1 (Korea Bizwire) – Prosecutors said Wednesday they have confiscated some 950 vehicles of the South Korean unit of the German carmaker Volkswagen, equipped with its new engine model, amid a probe into the company’s emissions scandal. The Seoul Central District Prosecutors’ Office said three of Audi Volkswagen Korea’s models — Audi A1, [...]
SEOUL, May 16 (Korea Bizwire) – South Korea’s government said Monday it will order a recall of hundreds of Nissan vehicles sold in South Korea after it found that the Japanese carmaker had fabricated emissions results. The Ministry of Environment said the Qashqai model of the Japanese automaker was found to have faked its emissions results [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea will open a carbon trading system next week after years of delay, but the road ahead remains bumpy due to resistance from the business community and weak confidence in the nascent program. The Korea Exchange (KRX), the nation’s main bourse operator, will begin the cap-and-trade system on [...]
SEJONG, Dec. 30 (Korea Bizwire) – The government is moving to waive the levying of surtaxes on emission rights trading starting in February to reduce the burden on companies and fuel the growth of related eco-friendly industries, the finance ministry said Tuesday. It said a decision has been made to include emission rights on the [...]