SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Zhipu AI Stock Jumps on Report of Custom AI Chip Development Plans 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Kitron Q2 Revenue Beats Estimates as Defense Demand Lifts Growth 
Lockheed Martin, Rheinmetall Plan First ATACMS Missile Production in Germany 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Levi Strauss Raises 2026 Outlook After Q2 Earnings Beat, Shares Drop Despite Strong Results 
Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Netflix, Disney, YouTube Eye FIFA World Cup TV Rights in Multi-Billion Dollar Battle 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
BMW Korea, Hyundai, and three other carmakers reportedly issued recalls on their respective vehicle model for defective parts. It was said that the five companies are voluntarily recalling the affected units.
As per Yonhap News Agency, a total of 238,914 vehicles would be called back, and this was revealed by the transport ministry in South Korea on Thursday, April 1. This is the latest issuance of vehicle recalls in the country due to various issues related to the vehicles’ components.
The list of companies in the recall
Aside from the mentioned BMW Korea and Hyundai Motors, the others are Kia Corp., Fiat Chrysler Automobiles N.V. (FCA) Korea, and Ford Sales & Service Korea Inc. The given number of the models in the recall is the combined total for all five companies.
The country’s Ministry of Land, Infrastructure, and Transport stated that 39 models from these brands had been listed with faulty parts. One of the cited problems is the defective exhaust gas recirculation or EGR that was found in BMW's 520d sedan.
The malfunctioning high-pressure fuel pipe in Hyundai’s Genesis G80 and G70 sedans was also mentioned in addition to FCA Korea’s 300C car’s flawed crankshaft wheel. The five vehicle manufacturers will be providing services for the needed repairs and parts replacements.
To have their vehicles checked and fixed, owners must visit the authorized service centers. Apparently, the parts replacements will be for free.
More details about the recall
Pulse News reported out of the more than 238,914 vehicles, the majority of the units are from BMW Korea. It was said that the company is recalling 221,172 units, and 31 models are affected. The exact models of the recalled ones were not listed in the report except for the 520d.
For Kia and Hyundai Motor, these will be recalling 2,473 cars and involves four models. The issue here is the fuel pipes that could cause fuel leaks that may lead to a fire.
Hyundai is calling back 12,119 units for the increase in the risk of catching fire due to a problem with the hydraulic electro control. Lastly, Ford discovered a defect in the front wheel suspensions bracket, and this affects 2,790 models of Explorer and Taurus. Car owners will get notifications for the recall through text messages or emails.
