Hyundai, Kia Spend 20 Bln Won in Tax Refunds

SEOUL, March 8 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have spent about 20 billion won (US$16.7 million) to offer tax refunds to their customers who bought vehicles in January following the government’s decision to extend a tax reduction on car purchases, industry sources said Tuesday. The Seoul government lowered the [...]