Sales of luxury cars in South Korea have plunged after the government introduced rules requiring company cars worth more than $58,000 to carry a neon green licence plate in a bid to stop tax evasion.
President Yoon Suk Yeol made an election pledge two years ago to crack down on private use of company owned luxury cars. The bright green plates were designed to clearly identify company cars to the public and deter people from using them privately.
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