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.
Light green license plates on display at a local district office in Gwangju. 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. The revision is intended to prevent business owners from evading taxes by purchasing luxury supercars as fleet vehicles and using them for personal use. A fleet vehicle is a type of car that is owned or leased by a business. [YONHAP]
![Light green license plates on display at a local district office in Gwangju. 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. The revision is intended to prevent business owners from evading taxes by purchasing luxury supercars as fleet vehicles and using them for personal use. A fleet vehicle is a type of car that is owned or leased by a business. [YONHAP]](https://img2.daumcdn.net/thumb/R658x0.q70/?fname=https://t1.daumcdn.net/news/202401/03/koreajoongangdaily/20240103183848106eyoq.jpg)