SEOUL, May 19 (Korea Bizwire) – Following Nissan, Suzuki is also facing allegations regarding emissions manipulation. Suzuki is the market leader in India, followed by Hyundai, and experts say the controversy could provide Hyundai with momentum to catch up to its competitor on Indian soil. According to the experts, India is one of the new [...]
SEJONG, Sept. 29 (Korea Bizwire) – South Korea can penalize German automaker Volkswagen AG for cheating on its vehicle emissions under a free trade deal with the European Union (EU), the government said Tuesday. According to the environment ministry, the free trade agreement (FTA) reached between the EU and Asia’s fourth-largest economy and South Korea’s [...]
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 [...]