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Imported Auto Market in S. Korea to Contract for 1st Time in 7 Yrs

Imported Auto Market in S. Korea to Contract for 1st Time in 7 Yrs

SEOUL, Dec. 8 (Korea Bizwire) – Imported car sales in South Korea are expected to suffer an on-year fall this year for the first time in seven years, apparently affected by weaker demand for diesel cars and sales bans of popular models, industry sources said Thursday.  A total of 205,162 imported vehicles have been sold [...]

FTC Slaps 37.3 Bln-Won Fine on Audi Volkswagen for False Advertising

FTC Slaps 37.3 Bln-Won Fine on Audi Volkswagen for False Advertising

SEJONG, Dec. 7 (Korea Bizwire) – Audi Volkswagen Korea, the local unit of the German automaker, was slapped with a record 37.3 billion-won (US$31.9 million) fine for making false advertisements on its cars to cover up its fabricated emissions results, the corporate watchdog said Wednesday.  The company had advertised on- and offline that its models [...]

Foreign Automakers on Thin Ice with Imminent Government Probe Results

Foreign Automakers on Thin Ice with Imminent Government Probe Results

SEOUL, Nov. 22 (Korea Bizwire) – The South Korean government is set to reveal an investigative report on the potential falsification of emissions documents, with a focus on imported vehicle manufacturers. The results, scheduled to be released by the end of the month, are likely to lead to sales bans and revoked vehicle certifications for [...]

Local Audi Owners File Lawsuit over CO2 Emissions Cheating

Local Audi Owners File Lawsuit over CO2 Emissions Cheating

SEOUL, Nov. 17 (Korea Bizwire) – Korean Audi owners filed a lawsuit Thursday against Volkswagen Group, Audi Volkswagen Korea, and local dealerships, following the recent disclosure that certain Audi vehicles have the technology to distort CO2 emissions when they are tested.  According to sources, 19 Audi owners filed a damages suit with the Seoul Central [...]

Constitutional Court Reviews Petition for Volkswagen Replacement Order

Constitutional Court Reviews Petition for Volkswagen Replacement Order

SEOUL, Oct. 20 (Korea Bizwire) – According to Barun Law, a local law firm representing 5,354 owners of Volkswagen vehicles affected by the company’s emissions scandal, the Constitutional Court of Korea is set to deliberate on its previously filed constitutional complaint, which asked the government to issue a replacement order for the vehicles.  No recall [...]

Seoul Prosecutors Summon Volkswagen Executive from German Headquarters

Seoul Prosecutors Summon Volkswagen Executive from German Headquarters

SEOUL, Sept. 21 (Korea Bizwire) – A senior official at the headquarters of German carmaker Volkswagen appeared before Seoul prosecutors on Wednesday to undergo questioning over its emissions scandal.  The Seoul Central District Prosecutors’ Office called in the executive in charge of the automaker’s certification process to gain insight during the probe into its South [...]

Volkswagen Victims to File Constitutional Complaint amid Ongoing Emissions Scandal

Volkswagen Victims to File Constitutional Complaint amid Ongoing Emissions Scandal

SEOUL, Sept. 20 (Korea Bizwire) – Barun Law, a law firm representing Volkswagen owners in lawsuits against the automaker, is planning to file a constitutional complaint Tuesday against the Ministry of Environment for not issuing a replacement order for the vehicles affected by the scandal.  A constitutional complaint, or a constitutional petition, is part of [...]