The South Korean government has fined 10 foreign and domestic automakers a total of 10.3 billion won ($7.6 million) for selling cars with inadequate safety standards. Nine foreign companies and Hyundai Motor Co. were penalized by the Ministry of Land, Infrastructure and Transport for corrective measures against defective parts from January to June last year.
Volkswagen Group Korea received the largest fine of 3.5 billion won, followed by Mercedes-Benz Korea with 2.5 billion won. Ford Sales & Service Korea and Porsche Korea were fined 1 billion won each. The ministry also imposed separate fines on Stellantis Korea, Mercedes-Benz Korea, Volkswagen Group Korea, Ford Korea, and Kia for selling cars without correcting defective parts.
Additionally, Hyundai Motor and Kia recently recalled nearly 170,000 electric vehicles due to a software error in the charging system. The fines signal the government’s commitment to upholding safety standards in the automotive industry and ensuring the protection of consumers. The companies have been urged to address these issues promptly to avoid further penalties and maintain public trust in their products.
The imposition of fines on several major automakers serves as a wake-up call for the industry to prioritize safety standards and compliance with regulations. It highlights the importance of rigorous testing and quality control measures in the manufacturing process to prevent potential risks to drivers and passengers. The government’s swift action underscores the seriousness of the matter and the need for the automotive sector to adhere to stringent safety protocols to safeguard public welfare.
