South Korea's Ministry of Land, Infrastructure and Transport said the company might also face criminal charges.BMW is facing a nearly $10 million fine over a rash of engine fires.
South Korea's Ministry of Land, Infrastructure and Transport made the announcement Monday after a months long investigation into the German automaker. The ministry says BMW delayed recalls and tried to cover up technical issues that led to dozens of vehicle fires.
The ministry says it will also file a complaint against BMW with prosecutors to decide if criminal charges are warranted.
BMW has said its own investigation found the fires were connected to faulty exhaust systems and eventually recalled over 170,000 vehicles.
In a statement to multiple news outlets, BMW said it recalled the vehicles "as soon as the root cause of the fire was confirmed." It also confirmed it's cooperating with the investigation.
Editor's note: In an earlier version, we misstated that South Korea was fining BMW $10 billion. This is the corrected version.
Additional reporting from
Newsy affiliate CNN