SEOUL, Dec 28 (Reuters) - South Korea extended on Tuesday a period of lower taxes on autos and 13 other consumer goods until June next year, in a bid to stimulate weak local demand. The cabinet gave the green light to the government's plan for a six-month extension on the reduction in special excise tax at a meeting early on Tuesday, the Finance Ministry said in a statement. Other goods subject to the tax reduction include cameras, watches, furniture and fur coats. South Korean policy ...
Premium Content (PAID Subscription Required)
"S.Korea extends tax reduction on consumer goods" 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- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.