Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
DBS Expects Slight Dip in 2026 Net Profit After Q4 Earnings Miss on Lower Interest Margins 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Tesla in South Korea is recalling a total of 561 car units for faulty components. The country’s Ministry of Land, Infrastructure, and Transport announced that the affected electric vehicle model is the automaker’s Model S units.
The issue with Tesla’s Model S
The Korea Herald reported that the EVs to be recalled are all imported and were sold in S. Korea. The defect mentioned by the MOLIT has something to do with the flash memory device that was installed in the affected cars.
The local transportation agency explained that the flash memory has a tight capacity, and it was discovered that low capacity or lack of flash memory space could cause the car’s touchscreen on the dashboard to malfunction. What’s more, the rear camera, fog moving feature, and turn signal may not function as they should as well.
Apparently, if any of these issues occur, it could lead to car mishaps; thus, the recall was put in place. It was noted that this is the first time that Tesla recalls its EV in the country.
Imported car recalls in South Korea
In any case, Tesla is not the only imported car brand that recently announced a recall. Mercedes-Benz Korea and BMW Korea have also recalled vehicles this week for parts repair.
As per Yonhap News Agency, four other imported brands have voluntarily recalled their respective car units that were sold in S. Korea. In total, 13 863 vehicles should visit dealers to get the appropriate repairs.
Aside from Tesla, BMW Korea, and Mercedes-Benz Korea, the other four auto companies included in the recall list are Honda Korea Co., Hanbul Motors, importer of the French PSA Group, and MAN Truck & Bus Korea Ltd.
These are the latest vehicle recalls issued by the Ministry of Land, Infrastructure, and Transport of Korea. Most of them have various issues related to some specific car parts.
Meanwhile, the affected models for the German luxury brands are Mercedes-Benz's GLE 450 4MATIC SUV for faulty parking lights and BMW's 520d sedan for defective propeller shafts. All the car companies have already started to address the issues and offered free repair and replacement services.
