SOUTH KOREA: Government may bring forward tax changes to boost new vehicle sales - report
To spur domestic car demand, the South Korean government may implement new excise tax rates for cars ahead of schedule, the Ministry of Finance and Economy said on Thursday, according to a Dow Jones report. According to the report, the government didn't say when the new tax rates will go into effect, but said it will try to decide on the matter "as early as possible" to avoid a further contraction in the local car market.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable