According to the article Reason why South Korea remains at 0

According to the article, the industry has analyzed that the reason why South Korea remains at 0 is that "the government's domestic demand revitalization policy and financial support have been successful." From March to June this year, when the Korean government reduced the individual consumption tax by 70%, the number of finished vehicles sold in South Korea increased by about 15.9% from the same period of the previous year. In July-December this year, when the rate of reduction was reduced from 70% to 30%, the average number of vehicles sold increased by around 5%.

The effect is clear when compared to the January-February year sales decline of 16.9% year-on-year before the cut. An industry insider said, "Although the export volume dropped sharply due to the influence of Corona, the epidemic prevention was better than in other countries, and domestic sales increased supported by the reduction of individual consumption tax, and Korean parts makers escaped bankruptcy. It was said that he said.

Supported by strong domestic demand, South Korea's production ranking of finished vehicles has risen from 7th in the world last year to 5th this year. According to the domestic sales standards by country up to October this year, South Korea is in a slump with major countries such as China (minus 4.7%), the United States (minus 17.3%), and Japan (minus 14.7%). It is said that it increased by 2%.

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