{"id":2208985,"date":"2025-04-03T08:00:06","date_gmt":"2025-04-02T23:00:06","guid":{"rendered":"https:\/\/koreapro.org\/?p=2208985"},"modified":"2025-04-02T13:53:28","modified_gmt":"2025-04-02T04:53:28","slug":"hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/","title":{"rendered":"Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The European Commission <\/span><a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_25_881\"><span style=\"font-weight: 400;\">fined<\/span><\/a><span style=\"font-weight: 400;\"> 15 major car manufacturers on Wednesday, including Hyundai and Kia, a total of $494.4 million (\u20ac458 million) for colluding on the recycling of end-of-life vehicles (ELVs). Hyundai and Kia were fined $12.9 million (\u20ac11.95 million) for their involvement in the 15-year-long cartel, which also included the European Automobile Manufacturers\u2019 Association. Mercedes-Benz avoided a fine after revealing the cartel under the EU\u2019s leniency program, while other companies admitted to their involvement and settled the case.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The cartel, active from 2002 to 2017, involved agreements to avoid paying car dismantlers for recycling ELVs and to limit consumer information on recycling rates. The companies colluded to consider ELV recycling as inherently profitable, thus justifying the non-payment to dismantlers. The cartel also coordinated to refrain from promoting how much of an ELV could be recycled, recovered or reused, thereby reducing consumer pressure to exceed legal recycling requirements.<\/span><\/p>\n<p><b>WHY IT MATTERS<\/b><\/p>\n<p><span style=\"font-weight: 400;\">Hyundai and Kia\u2019s involvement in the ELV cartel poses reputational risk as the companies make a major push into the U.S. and European electric vehicle (EV) market to mitigate tariff risks and secure long-term growth. This scandal risks undermining their efforts to position themselves as leaders in green mobility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While the $12.9 million (\u20ac11.95 million) fine itself may not be significant for the automakers, the EU Commission\u2019s ruling opens them up to potential class action lawsuits and compensation demands under the EU\u2019s <\/span><a href=\"https:\/\/eur-lex.europa.eu\/eli\/dir\/2014\/104\/oj\/eng\"><span style=\"font-weight: 400;\">Antitrust Damages Directive<\/span><\/a><span style=\"font-weight: 400;\">. The ruling also raises the possibility of further investigations in other jurisdictions, including the U.S., where Hyundai just announced a <\/span><a href=\"https:\/\/koreapro.org\/2025\/03\/hyundai-to-invest-21-billion-in-us-to-dodge-tariffs-and-secure-market-share\/\"><span style=\"font-weight: 400;\">$21 billion investment<\/span><\/a><span style=\"font-weight: 400;\"> over the next five years to expand local vehicle production and enhance its artificial intelligence (AI) and EV capabilities.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/inter-korean-foreign-relations\/\"><span class=\"tag\">Inter-Korean &amp; Foreign Relations<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/technology-cyber\/\"><span class=\"tag\">Technology &amp; Cyber<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The European Commission fined 15 major car manufacturers on Wednesday, including Hyundai and Kia, a total of $494.4 million (\u20ac458 million) for colluding on the recycling of end-of-life vehicles (ELVs). Hyundai and Kia were fined $12.9 million (\u20ac11.95 million) for their involvement in the 15-year-long cartel, which also included the European Automobile Manufacturers\u2019 Association. Mercedes-Benz [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2208986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[24,28,29],"class_list":["post-2208985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-briefings","tag-business-economy","tag-inter-korean-foreign-relations","tag-technology-cyber"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe - Korea Pro<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe - Korea Pro\" \/>\n<meta property=\"og:description\" content=\"The European Commission fined 15 major car manufacturers on Wednesday, including Hyundai and Kia, a total of $494.4 million (\u20ac458 million) for colluding on the recycling of end-of-life vehicles (ELVs). Hyundai and Kia were fined $12.9 million (\u20ac11.95 million) for their involvement in the 15-year-long cartel, which also included the European Automobile Manufacturers\u2019 Association. Mercedes-Benz [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\" \/>\n<meta property=\"og:site_name\" content=\"Korea Pro\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nknewsorg\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-02T23:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-02T04:53:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2025\/04\/eb-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1870\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"johnleenknews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:site\" content=\"@southkoreapro\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"KOREA PRO\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\"},\"author\":{\"name\":\"johnleenknews\",\"@id\":\"https:\/\/koreapro.org\/#\/schema\/person\/628fb985625ed7bb2c475bed33f6445f\"},\"headline\":\"Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe\",\"datePublished\":\"2025-04-02T23:00:06+00:00\",\"dateModified\":\"2025-04-02T04:53:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\"},\"wordCount\":285,\"publisher\":{\"@id\":\"https:\/\/koreapro.org\/#organization\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2025\/04\/eb-1.png\",\"keywords\":[\"Business &amp; Economy\",\"Inter-Korean &amp; Foreign Relations\",\"Technology &amp; Cyber\"],\"articleSection\":[\"Briefings\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\",\"url\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\",\"name\":\"Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe - Korea Pro\",\"isPartOf\":{\"@id\":\"https:\/\/koreapro.org\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2025\/04\/eb-1.png\",\"datePublished\":\"2025-04-02T23:00:06+00:00\",\"dateModified\":\"2025-04-02T04:53:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#primaryimage\",\"url\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2025\/04\/eb-1.png\",\"contentUrl\":\"https:\/\/assets.korearisk.com\/uploads\/sites\/6\/2025\/04\/eb-1.png\",\"width\":1870,\"height\":1000},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/koreapro.org\/2025\/04\/hyundai-and-kia-fined-12-9-million-for-collusion-on-car-recycling-in-europe\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/koreapro.org\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Hyundai and Kia Fined $12.9 million for collusion on car recycling in Europe\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/koreapro.org\/#website\",\"url\":\"https:\/\/koreapro.org\/\",\"name\":\"Korea Pro\",\"description\":\"Be smart about South Korea. 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