The Ministry of Land, Infrastructure and Transport is launching an investigation into corporate cars registered in 2023 to identify potential falsely reported acquisition prices.
Company-owned cars worth more than 80 million won ($61,100) are required to have light green license plates, in line with the Ministry of Land, Infrastructure and Transport's amendment effective Monday.
Ministry of Land, Infrastructure and Transport announces measure to affix a different colored license plate on business-owned cars.
Two politicians from the U.S. state of Georgia visited Korea’s civil rights commission Friday to thank it for helping veterans get benefits in their state.
President-elect Yoon Suk-yeol has an ambitious goal of preventing tax evasion by changing the color of number plates of company-owned cars. But whether this change will actually be effective remains to be seen.
Removing the license plates stops the government from taxing bus companies and saves money on insurance, reducing maintenance costs for bus companies hit hard by the Covid-19 pandemic.
Korea JoongAng Daily Sitemap
