The Korea Fair Trade Commission has ordered the local unit of Tesla Motors Inc. to revise contract terms that violated a law protecting consumers' rights.
One such term was for Tesla Korea to return 100,000 won in commission fees if a vehicle was damaged during delivery.
Customers had filed a complaint with the commission against such unfair terms that are against the law.
Tesla Korea sold 7,079 vehicles in the first half, a sharp increase from 422 in the same period of last year.
Helped by higher demand for its Model 3, Tesla delivered a record high number of 2,827 vehicles in June, way higher than the 121 from the same month last year.
But Tesla just ranked fourth in sales in that month, trailing Mercedes-Benz with 7,672 units, BMW's 4,069, and Audi's 3,401.


Johnson & Johnson Proposes $5.5 Billion Talc Settlement to Resolve U.S. Ovarian Cancer Lawsuits
Nvidia Eyes $250B Guarantee for OpenAI’s Massive Ohio AI Data Center Project
Serica Energy to Acquire Pharos Energy for £145.7M, Sending PHARP Shares Soaring
Brown-Forman Rejects Sazerac’s $15 Billion Takeover Bid as Family Backs Independence
CXMT IPO Debut in Shanghai Puts $85.5 Billion Chipmaker in Spotlight
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Nvidia Invests $1 Billion in Naver as South Korea AI Data Center Expansion Gains Momentum
Philips Shares Slide 10% Despite Earnings Beat as Weak Orders Raise Growth Concerns
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Galp Shares Fall After Q2 EBITDA Miss Despite Profit Beat and Higher Dividend
Standard Chartered Beats Profit Forecasts as First-Half Earnings Rise 9%
X Challenges Australia’s Expanded Social Media Ban Enforcement Powers
CATL Shares Jump as $5.6 Billion Buyback Signals Confidence in Long-Term Growth 



