How South Korea's Green Licence Plates Shamed Luxury Company Cars Before Becoming a Status Symbol

South Korea put light green licence plates on expensive company cars in 2024 to stop owners from driving supercars on business tax deductions. The plates cut registrations by a third in the first year and turned into a badge of wealth in the second. The tax office now audits from the list they created.

November 3, 2026 · 10 min · Eugene Oleinik