SEOUL, Aug. 11 (Korea Bizwire) – Starbucks Coffee Korea said Thursday it will launch an official recall of its giveaway picnic bags, after the company came under fire for handing out the merchandise containing a toxic chemical substance. The announcement came after the company apologized over the discovery of formaldehyde in its “summery carry bag” [...]
Amsterdam, the Netherlands, March 10 (Korea Bizwire) – Royal Philips’ (NYSE: PHG, AEX: PHIA) subsidiary, Philips Respironics, today provided an update on the remediation status in the US of the ongoing recall of certain sleep and respiratory care products in connection with identified potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in [...]
Amsterdam, the Netherlands, Dec. 23 (Korea Bizwire) – On June 14, 2021, Royal Philips’ (NYSE: PHG, AEX: PHIA) subsidiary, Philips Respironics, initiated a voluntary recall notification* for certain sleep and respiratory care products to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in these devices. Since then, together with certified testing laboratories [...]
Amsterdam, the Netherlands, Nov. 14 (Korea Bizwire) – On June 14, 2021, Royal Philips’ (NYSE: PHG, AEX: PHIA) subsidiary, Philips Respironics, initiated a voluntary recall notification* for certain sleep and respiratory care products to address identified potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam in these devices. Following the substantial ramp-up of its [...]
SEOUL, Sept. 27 (Korea Bizwire) — As more electric vehicles (EVs), both new and old, are being sold locally, South Korea is seeing a higher number of EV recalls caused by various defects. Rep. Park Sang-hyuk of the ruling Democratic Party said that 90,746 EVs were recalled last year, according to a report from the [...]
SEOUL, Sept. 22 (Korea Bizwire) — The number of vehicles recalled in South Korea surpassed 2 million in the first eight months of this year, with more quality problems discovered in electric vehicles, government data showed Wednesday. A total of 1,829 models, which amount to some 2.24 million vehicles sold in the nation, were recalled [...]
Amsterdam, the Netherlands, Sept. 1 (Korea Bizwire) – Royal Philips (NYSE: PHG; AEX: PHIA) today announced an update in connection with the June 14, 2021 recall notification* for specific Philips sleep and respiratory care devices that was issued to address potential health risks related to the polyester-based polyurethane (PE-PUR) sound abatement foam component in these devices. More [...]
SEOUL, Aug. 23 (Korea Bizwire) — Shares of South Korean chemical firm LG Chem Ltd. plunged more than 10 percent on the Seoul bourse Monday, following American automaker General Motors’ decision to additionally recall Bolt electric vehicles equipped with its subsidiary’s batteries over fire risks. Shares of LG Chem, which wholly owns battery maker LG [...]
SEOUL, Aug. 21 (Korea Bizwire) — American automaker General Motors said it will expand the recall of Chevy Bolt electric vehicles equipped with South Korean supplier LG’s batteries over fire risks, which is expected to additionally cost about US$1 billion. The latest recall covers 73,000 Bolt EVs and EUVs from model years 2019 through 2022 [...]
SEOUL, Aug. 10 (Korea Bizwire) — LG Electronics Inc. and LG Chem Ltd. on Tuesday decided to set aside a combined 325.6 billion won (US$282.8 million) in provisions for costs related to General Motors (GM) Co.’s Chevrolet Bolt electric vehicle (EV) recall as they revised down their second-quarter operating profits. In a regulatory filing, LG [...]