{"id":116816,"date":"2023-01-05T14:32:36","date_gmt":"2023-01-05T11:32:36","guid":{"rendered":"https:\/\/timeskuwait.com\/news\/?p=116816"},"modified":"2023-01-05T14:32:36","modified_gmt":"2023-01-05T11:32:36","slug":"south-korea-fines-tesla-2-2-million-for-misleading-advert","status":"publish","type":"post","link":"https:\/\/timeskuwait.com\/news\/south-korea-fines-tesla-2-2-million-for-misleading-advert\/","title":{"rendered":"South Korea fines Tesla $2.2 million for misleading advert"},"content":{"rendered":"

South Korea’s antitrust watchdog has fined Tesla $2.2 million for alleged violations of the country’s advertising law.<\/p>\n

The South Korean Fair Trade Commission said in a statement that Tesla falsely and exaggeratedly promoted the driving range and charging speed of its electric cars, as well as estimated fuel cost savings using its cars, reports a local Arabic daily quoting the US Bloomberg Agency.<\/p>\n

The committee pointed out that Tesla, owned by billionaire Elon Musk, changed this advertisement on its Korean-language website last February, when the South Korean antitrust watchdog conducted an investigation regarding the false information contained in it.<\/p>\n

The regulator will also fine Tesla an additional $783 for violating the e-commerce law, saying the company did not provide enough information to consumers about its cancellation policy and would send notice to Tesla to correct its activities.<\/p>\n

It is noteworthy that, as of the end of September 2022, Tesla had sold 45,812 battery-powered cars in South Korea, since opening a local office in 2015, according to the country’s Ministry of Transport, which made the sales volume of it the third largest brand of green cars, with a local market share of 13 percent, behind the local automakers \u201cHyundai\u201d and \u201cKia\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea’s antitrust watchdog has fined Tesla $2.2 million for alleged violations of the country’s advertising law. The South Korean Fair Trade Commission said in a statement that Tesla falsely and exaggeratedly promoted the driving range and charging speed of its electric cars, as well as estimated fuel cost savings using its cars, reports a […]<\/p>\n","protected":false},"author":1,"featured_media":116818,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,21],"tags":[],"class_list":["post-116816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-world-news"],"yoast_head":"\nSouth Korea fines Tesla $2.2 million for misleading advert - TimesKuwait<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/timeskuwait.com\/news\/south-korea-fines-tesla-2-2-million-for-misleading-advert\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea fines Tesla $2.2 million for misleading advert - TimesKuwait\" \/>\n<meta property=\"og:description\" content=\"South Korea’s antitrust watchdog has fined Tesla $2.2 million for alleged violations of the country’s advertising law. 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