Automobile Management Act on the Rise

Automobile Management Act on the Rise

The Automobile Management Act was enacted by the Parliament of Thailand in 1970. This Act regulates the manufacture, sale and import of automobiles and other vehicles in the Kingdom of Thailand. In the United States, the Automobile Management Act is known as the Thailand Bill of Rights. The Automobile Management Act regulates the importation, transport and manufacture of all vehicles manufactured by any person other than the government of such countries. 방문운전연수

 

The Automobile Management Act regulates the importation, transportation and exportation of all vehicles. The Ministry of Transport has been responsible for implementing the Automobile Management Act since its inception.

 

In Thailand, there are five types of vehicles that fall under the classification of automobiles. These include passenger trucks, four-wheelers, motorcycles, mopeds and buses. The ministry has been strict with the automobile specifications and has ordered the introduction of certain protective measures within the Thai automotive industry. According to the Automobile Management Act, any automobile manufacturing company that imports cars or vehicles into Thailand must apply for certification before any cars or vehicles can be exported out of the country. An automobile manufacturer who fails to comply with the Automobile Management Act has to face a penalty of up to five thousand Baht per day.

 

A car manufactured by any Korean Automobile Manufacturer before enactment of this Act is deemed to meet the standards of conformity as stipulated in the Automobile Management Act. Any car manufacturing company that contravenes the provisions of the Automobile Management Act is subject to a fine of up to five thousand Baht per day.

 

In addition, all cars going to other countries should have a certificate of exterior condition and a copy of their itinerary.

 

The General Motors Company, which produces both trucks and cars, was previously a division of Korean Development Bank. However, it acquired GMAC in the year 2021 as a new entity. The Korean Financial Supervision Agency, which is a part of the Korea Investment Corporation, bought the GMAC brand of auto companies in the country. Prior to this acquisition, the KDC was one of the largest financial organizations in Korea and also one of its biggest creditors. This merger marked the beginning of the transformation of Korean auto industries.

 

This acquisition is yet another example of conglomerations merging for the benefit of their stocks. The Kia now holds a controlling share of Dongfeng Motors, the largest truck manufacturer in China. Both companies aim for continuing success in the China automobile industry, as the United States and Europe are lagging behind China in the auto market. However, if the applicant is denied its registration application by any of these departments, then the applicant may have a challenge before the Korea Appeals Board under the Automobile Management Act to determine that the denial was unlawful and prejudicial to the interest of the Korean Motor Vehicle Administration.

 

The GMC Korean Corporation is a front liner in this regard, having launched the GMC Mark IV a few years ago. At the time the Automobile Management Act was being formulated, no fewer than twenty major Korean manufacturers had already set up their own showrooms in South Korea. The Korean Automobile Industry Development Organization, or KADA, now oversees the whole automobile industry of Korea and boasts about ten million lines of vehicle designs and at least five hundred service centers.

 

Automobile Management Act – Submission of Registration Reports to Korean Motor Vehicle Administration

An example would be the common law rule that a franchisor cannot deny his franchisee the right to operate an automobile trade or the right to do any other things that are necessary for the franchisee’s welfare. There are also sections of the Automobile Management Act that specifically address issues arising out of the auto trade or concerning insurance.

 

The Automobile Management Act covers all persons engaged in the trade of motor vehicles in South Korea. This includes all those involved in the production, transportation, importation, exportation, marketing, sale, or distribution of vehicles manufactured in South Korea. In addition, it includes persons authorized by the Ministry of Finance to handle the affairs of vehicles produced or sold in South Korea. The Automobile Management Act only applies to vehicles produced within South Korea for subsequent sale outside the country. The Ministry of Transportation will then decide whether or not to approve the application.

 

Another pertinent provision in the Automobile Management Act of 1995 is one that permits the Korean Automobile Administration to acquire an interest in a Korean motor vehicle maintenance business even if the latter has failed to comply with the Act’s relevant provisions. The Court has never ordered a Korean motor vehicle maintenance business to close down while in operation, and it declines to interfere with a Korean automobile maintenance business if it is unable to comply with the Act’s relevant provisions. However, this does not mean that the State attempts to circumvent the requirement that the Korean motor vehicle maintenance business submit all relevant reports to the Korean Automobile Administration on a timely basis.

KADA did not start inspecting vehicles imported into the country under its wing.

One of the major players in South Korea’s automobile industry is Hyundai Motor Group. The company, which produces both small and large family automobiles, has outlets across the United States, Japan, China, Taiwan, Hong Kong, and Russia. Two of Hyundai’s divisions are the Korean Daewoo Motor Group and the Korean Hanyang Motor Group. These two groups manufacture the likes of the popular Hyundai Sonata and Hyundai Celica, along with the much more popular Hyundai ION, along with the ever-popular Hyundai Eve subcompact. While Hyundai makes great pocket cars, they also produce a great line of luxury automobiles, such as the sedans, SUV’s, and crossover SUVs. All of these vehicles have become huge hits in North America and Europe, selling millions upon millions of units.

 

A key provision in the Korean Automobile Management Act is the so-called “manufacturer as against dealer” clause, which provides for the government to take over a manufacturer that has ceased production, in the event that the latter does not meet minimum sales volume requirements. The first manufacturer that the Korean Automobile Administration took over was the Korean Motor Group, which was a subsidiary of the Samsung Group. Since then the Korean Automobile Administration has continued to takeover and control auto makers through acquisitions, regardless of their size.

 

Although there are some doubtful interpretations of the Automobile Management Act, one interpretive view is that the Automobile Management Act renders it irrelevant for a Korean automobile maintenance business to submit reports to the Korean Automobile Administration if it fails to comply with the statutory requirement of submitting registration reports. According to this view, if a Korean automobile maintenance business fails to register under the appropriate act, then it must submit its registration application to the Korean Ministry of Transportation instead.