S.Korean Postal Service to raise charges in Nov
South Korea’s national postal service agency said Friday that it will charge its customers an average 11.8 per cent more for domestic mail services from Nov. 1.
Korea Post said the price of an ordinary postage stamp will increase to 220 won (19 cents) from 190 won, and the “fast-delivery” stamp will increase to 310 won from 280 won.
The increase is the first in nearly three years and is aimed at compensating for mounting losses from the mail-delivery service, it said.
The size of the price-hike takes into account the government’s wish to curb inflationary pressure, the agency added.
