Seoul plans to introduce tax incentives towards car buyers and real estate

8 September 2012, Saturday
The South Korean government will allocate $ 5.2 billion to stimulate the domestic market to counter stagnation in exports, hurting the economy. Seoul plans to introduce tax incentives for car and real estate buyers.
According to the Ministry of Finance, in the second quarter, economic growth was lower than expected.
Decline in exports of South Korea due to a decrease in demand for goods in the EU and the U.S..
The Korean Ministry of Finance noted in its report, that the ongoing crisis in the euro zone makes less stable the economic status of Korea in the world.
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