The Seoul Central District Court ruled against customers who filed a lawsuit against the local unit of U.S. electric vehicle maker Tesla Inc., demanding reparations of 10 million won per person.
The plaintiffs claim that they incurred losses as Tesla did not inform them that there would soon be a specifications upgrade at the time of their purchase.
The customers insist that Tesla's specifications upgrade was equivalent to the release of a new car and that the company should have notified them of such a plan.
The customers bought Tesla EVs in March 2019, a month before the carmaker announced the specifications upgrade.
The court, however, ruled that there was no evidence that Tesla explicitly said that it would not be releasing a new car.
The court added that the cars purchased had long been in the market, and there was media and consumer speculation of an upgrade in the works.


Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes
Mexico Probes Miss Universe President Raul Rocha Over Alleged Criminal Links
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts
Intel Rejects TSMC’s Allegations of Trade-Secret Leaks as Legal Battle Escalates
States Sue Trump Administration Over SNAP Restrictions for Legal Immigrants
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains
Hikvision Challenges FCC Rule Tightening Restrictions on Chinese Telecom Equipment
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift
Trump Vows Pardon for Former Honduran President as Honduras Faces Tight Election
Afghan Suspect in Deadly Shooting of National Guard Members Faces First-Degree Murder Charge
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Judge Dismisses Charges Against Comey and Letitia James After Ruling on Prosecutor’s Appointment 



