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Gov’t to Officially Give Vehicle Classification to Ultra Compact Cars

Gov’t to Officially Give Vehicle Classification to Ultra Compact Cars

SEJONG, Apr. 9 (Korea Bizwire) — South Korea will officially give ultra compact cars their own classification and promote their production through various incentives, the government said Sunday. The Ministry of Land, Infrastructure and Transport said it will revise the country’s motor vehicle management act and make the necessary preannouncement of legislation on May 15. [...]