Korea is experiencing its latest luxury car boom, and Lamborghini cannot keep up with the demand.
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.
Eight out of 10 supercars purchased in Korea were registered to companies last year, according to a report published by the Korean Automotive Manufacturers Association (KAMA).
The number of people buying supercars and registering under corporate names is on the rise.
Two dozen people are being investigated for using company funds to buy cars and properties for personal use. One person used business accounts to purchase six cars for 1.6 billion won ($1.3 million). That’s 260 million won on average per vehicle.
Korea JoongAng Daily Sitemap