SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport has announced a plan to upgrade a local lemon law including the introduction of a performance analysis-based arbitration system. The Korean lemon law went into effect on Jan. 1, 2019, to enhance customers’ convenience, though it is not obligatory for companies to [...]
SEOUL, Jan. 13 (Korea Bizwire) – South Korea’s transport ministry said Wednesday that a Mercedes-Benz S Series model became the first model that will be exchanged for malfunctions under a local lemon law. The Ministry of Land, Infrastructure and Transport said it held an experts’ review committee meeting last month to decide whether the Mercedes-Benz [...]
INCHEON, Sept. 1 (Korea Bizwire) — South Korea’s amended Automobile Management Act, known colloquially as the Korean lemon law, which took effect in December 2018, appears to have long way to go to be settled down. Some critics point out that the law is only loosely enforced, especially given that there are still a number [...]
SEOUL, Aug. 29 (Korea Bizwire) — Audi Volkswagen Korea said Thursday it will retroactively apply lemon laws on its vehicles sold since January in a move to boost declining sales in Asia’s fourth-biggest economy. The decision came as the German carmaker’s four brands — Audi, Volkswagen, Lamborghini and Bentley — prepare to apply the laws [...]
SEOUL, Jul. 2 (Korea Bizwire) — Six months have passed since the “Lemon Law” went into effect, but the number of applications from consumers was found to be very low and some import car companies refused to abide by the conditions imposed. The Citizens’ Coalition for Economic Justice (CCEJ) issued a statement Monday saying that [...]
SEOUL, Feb. 13 (Korea Bizwire) — The so-called ‘Lemon Law’, which allows for exchanges or refunds following new automobile purchases, took effect on January 1. However, a lack of cooperation from some imported car businesses is raising controversy over ‘reverse discrimination’ among companies. The ‘Lemon Law’ came as a result of the series of fire [...]