SEOUL -- The Korean government announces several reductions in its excise taxes, with the major focus on lowering prices for both domestic and imported cars. The move is made retroactive to Nov. 20 and the reductions will continue through June 30, 2002. Rebates will be given so long as application is made between Dec. 17 and Dec. 23. Wholesalers, retailers and importers will receive the rebates and will also begin paying at the lower rates beginning on Dec. 17. The new excise rate on ...
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