SEOUL, Mac 20 (NNN-YONHAP) – Ten automakers in South Korea were fined for selling cars with subpar safety standard, the transport ministry here said, today.
A total of 10.26 billion won (7.7 million U.S. dollars) in fines was imposed on the country’s biggest carmaker Hyundai Motor, and nine foreign companies, according to the Ministry of Land, Infrastructure and Transport.
The foreign carmakers include Volkswagen Group Korea, Mercedes-Benz Korea, Ford Sales and Service Korea, Porsche Korea, GM Korea, BMW Korea, Honda Korea, Toyota Motor Korea, and Nissan Korea.
The fines were based on corrective measures against inappropriate safety standard between Jan and Jun, last year.
Volkswagen Group Korea was subject to the biggest fine of 3.5 billion won (2.6 million dollars), followed by Mercedes-Benz Korea with 2.5 billion won (1.9 million dollars).
A separate fine of 39 million won (29,140 dollars) was levied on five carmakers, including Stellantis Korea, Mercedes-Benz Korea, Volkswagen Group Korea, Ford Sales and Service Korea and Kia Corp., for selling vehicles without repairing defective parts.
Three companies, Porsche Korea, Stellantis Korea and Kia Corp., were each subject to a fine of 59 million won (44,080 dollars) for not informing buyers of the fixed faulty parts.– NNN-YONHAP
