OpenAI's $20 Billion Cerebras Deal Signals Massive AI Infrastructure Push 
Middle East Ceasefire Hopes Lift Asian Markets as Oil Prices Retreat 
Pentagon Taps Auto Giants to Supercharge U.S. Weapons Production 
China's Economy Surpasses Q1 2026 Growth Forecasts 
U.S.-Iran Ceasefire Uncertainty Keeps Oil Prices Under Pressure 
KKR's $820M Investment Fuels Samsung SDS AI Expansion, Sending Group Shares Soaring 
Iran War Drives Asia's Plastic Crisis — and a Green Packaging Boom 
Oil Prices Dip as Middle East Peace Hopes Grow Amid Iran-U.S. Talks 
Japan to Subsidize Sony's Image Sensor Plant in Kumamoto with $380 Million 
Federal Judge Dismisses DOJ Lawsuit Attempting to Block Hawaii's Climate Case Against Oil Giants 
CATL Stock Hits Record High After Q1 2025 Earnings Surge 
U.S.-Iran War Talks Resume Amid Economic Pressure and Ceasefire Uncertainty 
Amazon in Advanced Talks to Acquire Globalstar in Starlink Rivalry Move 
U.S. Dollar Steadies Near Multi-Week Lows Amid Iran Peace Talk Hopes and Global Market Shifts 
Qantas Raises Fuel Cost Forecast Amid Middle East Oil Crisis 
Elliott Investment Takes ~3% Stake in Daikin, Pushes for Buybacks and Strategic Overhaul 
Goldman Sachs FICC Revenue Falls 10% Amid Iran War Market Volatility 
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.
