Major foreign brands selling cars in South Korea have decided not to offer any refunds to their customers despite the government’s recent tax cut, claiming that it has already been reflected in their ramped-up sales promotions, company officials said yesterday.
The government ended a 1.5-percentage-point excise tax cut at the end of last year. But once it expired, car sales dropped significantly, which promoted the government in early February to extend the consumption-boosting scheme until June.
The reduced tax rate will be applied retroactively on cars bought in January.
Some foreign auto brands including Volkswagen, BMW and Mercedes-Benz, however, have decided not to offer any refunds to customers, claiming that the tax cut was already reflected in their price tags and it was well notified to customers.
Source: Busan eFM News
The Latest Haps
First Round of Fireworks Tickets Sell Out in Two Hours
The first 1,000 paid seats for this year’s Busan Fireworks Festival sold out just two hours after sales began yesterday.
Two Officers in High School Girls Scandal Arrested
The special team investigating police officers’ sexual affairs with two high school students has concluded the investigation today.
Suyeong-gu to Operate Free Water Slides at Gwangalli
Suyeong-gu will install and operate water rides at Gwangalli Beach by next weekend.
Four Injured in Taxi Accident in Deokpo-dong
A taxi carrying three high school girls in Deokpo-dong hit a safety fence of an apartment building around 1:30 pm today falling three meters to the ground below.
“Pokemon Go” May Be Able to Be Played in Busan Soon
Pokeman Go, the super popular 3D reality game for smartphones, may be able to be played in parts Busan soon.
Matt Damon Visits Korea to Promote Latest Bourne Film
Hollywood actor Matt Damon was in Korea Friday to promote his newest film, “Jason Bourne”.
Film: Korean Zombie Movie ‘Train to Busan’ Trailer
Korea’s film industry has churned out some great films over the years to widespread critical acclaim. Now, they’ve taken a stroll into the zombie genre with “Train to Busan”.
Coast Guard to Crackdown on Drunk-Sailing
The Korean Coast Guard will conduct a special crackdown on drunk-sailing until August 15.
Sea Diving Boards at Songdo Beach Opened for Beachgoers
Sea diving boards at Songdo Beach are open to the public this summer.
Shinsegae Holding Campaign Against Child Abuse
Shinsegae Department Store in Centum City is holding a campaign against child abuse from today to Saturday.
Gorilla Brewing Features New “White Wine Chicken Pizza”
Gorilla Brewing Company is featuring a new “white wine chicken pizza” this week as its special.
Shake Shack to Open in Gangnam July 22
Shake Shack is set to open its first Korean location in Gangnam, Seoul this month.
Daegu Chimek Festival Runs From July 27th
Daegu City will once again host one of the largest “chimek” get togethers in the country at the end of the month.
Nakdonggang River Eco City Bus Tour to Officially Start Operation
Busan City announced that Nakdonggang River Eco City Bus Tour will be in trial operation from July 8th for a week and start its official operation on July 15, 2016.
Jeonju Ranks #3 on Lonely Planet’s “2016 Best Destinations in Asia” List
The city of Jeonju has ranked #3 in this years “2016 Best Destinations in Asia” published by the Lonely Planet.
New Bus Tour to Highlight Busan’s Old Downtown
The city office will operate the Mandy Bus to help tourist enjoy Sanbok Road and the tourist attractions of the old downtown starting from the 14th.
All Korean Major Sports Leagues to Offer Discounted Tickets to Games
Sports fans can now enjoy professional baseball and soccer games for half price on the last Tuesday, Wednesday, and Thursday of every month.
Korean Baseball Player Released for Allegedly Masturbating in a Car
A former South Korean baseball league MVP has been released from his team for lewd conduct according to local media.
Korean MLB Player Investigated for Sexual Assault
Pittsburgh Pirates infielder Jung Ho Kang is being investigated for a sexual assault incident that occurred last month according to media reports.