South Korea to Fine Mercedes USD16.9m for Manipulating Emission Data

South Korea to Fine Mercedes USD16.9m for Manipulating Emission Data

BY  
Seneca ESG  
- February 8, 2022

The Korea Fair Trade Commission (KFTC), South Korea’s antitrust regulator, will impose a KRW20.2bn (USD16.9m) fine on Mercedes-Benz and its local subsidiaries for fabricating gas emission data of diesel passenger vehicles, as reported by Reuters on February 7. To manipulate emission data during certification testing, the German carmaker inserted unlawful software in 15 of its vehicles. Mercedes falsely advertised that its car emissions from August 2013 to December 2016 fulfilled European Union’s Euro 6 emission standards, according to the KFTC.

In 2020, the South Korean environment authority revoked Mercedes’ certifications for 37,154 diesel cars and imposed a fine of KRW77.8bn (USD65m) as the carmaker fabricated emission data for cars sold in South Korea between 2012 and 2018. Notably, according to the Korea Automobile Importers and Distributors Association, South Korea imported 276,146 passenger vehicles in 2021, up 0.5% YoY, and Mercedes placed top in the country in terms of vehicle imports for the second year in a row, selling 76,152 units. Furthermore, for similar emission manipulation incidents, the KFTC has levied fines on Volkswagen , Nissan Motor , Stellantis , and other automobile manufacturers. In addition to penalties from South Korea, Mercedes also received a fine of EUR870m (USD994m) for exceeding diesel pollution standards from Germany in 2019. The company agreed to pay USD1.5bn in 2020 for excessive emissions from its diesel automobiles.

Sources:

https://www.reuters.com/business/autos-transportation/skorea-fines-mercedes-169-mln-over-emission-rules-breach-2022-02-07/

https://cn.yna.co.kr/view/ACK20220105003900881

https://auto.ifeng.com/xinwen/20190822/1322238.shtml

지금 바로 Seneca ESG 툴킷 사용 시작하기

포트폴리오의 ESG 성과를 모니터링하고, 나만의 ESG 프레임워크를 만들며, 더 나은 비즈니스 의사결정을 내리세요.

Toolkit

Seneca ESG

관심 있으신가요? 지금 문의하세요

문의하려면 오른쪽 폼을 작성하시거나 아래 이메일 주소로 연락 주십시오.

sales@senecaesg.com

싱가포르 지사

7 Straits View, Marina One East Tower, #05-01, Singapore 018936

+(65) 6223 8888

바르셀로나 지사

Carrer de la Tapineria, 10

Ciutat Vella, 08002, Barcelona, Spain

+34 612 22 79 06

타이베이 지사

77 Dunhua South Road, 7F Section 2, Da'an District Taipei City, Taiwan 106414

(+886) 02 2706 2108

리마 지사

Av. Santo Toribio 143,

San Isidro, Lima, Peru, 15073

(+51) 951 722 377