S.Korea extends tax reduction on consumer goods

Newswire

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 ...

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