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CynthiaGho
2023-01-03

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Tesla Fined $2.2 Million in Korea for Alleged False Advertising

South Korea’s antitrust watchdog will levy a fine of 2.8 billion won ($2.2 million) on Tesla Inc. fo

Tesla Fined $2.2 Million in Korea for Alleged False Advertising

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The Elon Musk-led company changed that advertisement on its Korean-language website last February when the watchdog initiated an investigation.</p><p>The regulator will levy an additional penalty of 1 million won on Tesla for violations of the electronic commerce act, saying the firm didn’t provide enough information to consumers on its cancellation policy. The commission will send a notice to Tesla to correct the activities, according to the statement.</p><p>As of end-September, Tesla had sold 45,812 battery-powered vehicles in South Korea since opening a local office in 2015, according to the transport ministry. 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