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  • Ruling party lawmaker proposes Korean ‘Lemon law’
    Ruling party lawmaker proposes Korean ‘Lemon law’
    A revised Motor Vehicle Management Act dubbed the Korean version of the US’ “lemon laws” was proposed on Aug. 23. Proposed by Rep. Shim Jae-cheol of the ruling Saenuri Party, the revision stipulates that refunds or replacements must be provided when a new vehicle experiences defects. If approved, the revised act would enable consumers to demand a refund or replacement if a new vehicle experiences severe faults w...
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Ruling party lawmaker proposes Korean ‘Lemon law’

Aug. 23, 2016 - 15:47 By 최희석
[THE INVESTOR] A revised Motor Vehicle Management Act dubbed the Korean version of the US’ “lemon laws” was proposed on Aug. 23.

Proposed by Rep. Shim Jae-cheol of the ruling Saenuri Party, the revision stipulates that refunds or replacements must be provided when a new vehicle experiences defects. 



If approved, the revised act would enable consumers to demand a refund or replacement if a new vehicle experiences severe faults within 30 days of delivery on two or more occasions.

In addition, four or more malfunctions or three or more major problems occurring within a year of purchase are also listed as cause for refund or replacement.

By Choi He-suk (cheesuk@heraldcorp.com)
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