S. Korea to Phase Out ICE Vehicles from Low-emission Subsidy Program from 2024

SEOUL, Feb. 24 (Korea Bizwire) – The government decided Thursday to phase out internal combustion engine (ICE) vehicles from its subsidy program for low-emission vehicles starting in 2024. The decision was reached in an inter-agency meeting on the growth strategy of three-designated fields of technology innovation — semiconductors, future cars and bio health — in [...]