South Korea to Levy 6.5 Percent Surtax On Energy-Guzzling Home Appliances

摘要

Air conditioners, refrigerators, washing machines and, television sets exceeding certain energy efficiency limits will face a new surtax of 6.5 percent, starting April 1, South Korea's Ministry of Strategy and Finance said March 26.rn"This is a temporary tax levied on large-capacity, energy-guzzling home appliances with the aim of promoting energy conservation at homes and encouraging manufacturers to produce energy-efficient products," said Kim Kyung-hee, director of the environmental and energy taxation division at the ministry.