SEOUL, Sept 2 South Korea has delayed a proposed
tax on vehicle carbon emissions by over five years to the end of
2020, but confirmed it would push ahead with plans to begin its
carbon emissions trading scheme from the start of 2015, finance
minister Choi Kyung-hwan said on Tuesday.
The finance ministry said in a meeting with other ministers
that the so-called smog tax, which has already been postponed by
more than two years, would place too much of a burden on
industry if it was launched at the same time as the carbon
The delay in the so-called smog tax had been widely
expected, with people familiar with the matter saying the levy
could slash domestic sales by up to 10 percent at the country's
largest automaker Hyundai Motor Co.
(Reporting by Meeyoung Cho; Editing by Richard Pullin)