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Korea Poised to Fine VW for False Diesel Claims
South Korea is expected to fine Volkswagen AG 88 billion yuan ($76 million) for falsely advertising its diesel cars as environmentally friendly.
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South Korea is expected to fine Volkswagen AG 88 billion yuan ($76 million) for falsely advertising its diesel cars as environmentally friendly.
The country’s Fair Trade Commission tells reporters the penalty will cover 125,500 diesels VW sold in Korea between 2009 and 2015, The Korea Herald reports. The cars were equipped with engines VW admits were rigged to cheat emission tests.
The commission can levy a maximum fine equal to 2% of the total sales value of the affected vehicles. The agency says it will make a final decision on the size of the penalty at the end of June.
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