The recovering new car market is prompting South Korea to end tax breaks on automobile purchases in September. The South Korean government cut automobile sales taxes last year in an effort to boost consumption and economic growth but has been pushed recently to scrap the tax breaks due to inflationary pressure and a growing economy. Customers now will have to pay about 3%-5% more for cars from September on. The sales tax on sedans with an engine size of more than 2.0L will be raised from ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
•Medium- andheavy-duty truck volumes
•Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
LisaWilliamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.