SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has decided to issue a correction order on four German carmakers operating here for colluding to adopt a system that results in higher nitrogen oxide (NOx) emissions and fine them a total of 42.3 billion won (US$33.5 million). The move came after [...]
SEOUL, May 10 (Korea Bizwire) — German carmakers BMW and Mercedes-Benz sold more vehicles in South Korea in April compared to local units of three foreign carmakers combined, an industry association said Sunday. The Korea Automobile Importers & Distributors Association reported that 8,430 vehicles made by Mercedes-Benz and 6,113 BMWs were newly registered last month, [...]
SEOUL, Aug. 1 (Korea Bizwire) — With European authorities set to look into allegations of collusion involving a number of German carmakers, one South Korean lawyer has urged the government to follow suit to protect South Korean consumers. Ha Jong-sun, from the firm Barun Law, told the press on Monday that he had submitted a [...]
SEOUL, April 8 (Korea Bizwire) – German-made vehicles in South Korea, which are unrivaled among foreign autos here, are losing their presence as car buyers look for more unique brands, data showed Wednesday. The share of German cars sold here in the January-March period came to 69.7 percent, down 3 percentage points from the 72.7 percent [...]