Excessive regulation in South Korea will impede drive for future mobility, automobile association says
By Wooyoung Lee ( July 1, 2022, 07:16 GMT | Insight) -- South Korean automakers face a heavy risk of fines and tough requirements that the government introduced to push automakers to transition from gasoline-fueled vehicles to low-emission vehicles, the Korea Automobile Manufacturers Association told South Korean lawmakers at a recent discussion in the National Assembly. Those burdens could hamper the growth of the future-mobility industry, the association said.Excessive regulation of the auto industry in South Korea could suppress momentum for the growth of emerging automobile technologies, a South Korean automobile industry association told lawmakers this week....
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