KoreaPost to instill competition in mail delivery service

KoreaPost, the country’s postal service organization, said yesterday that it
will commission civilian express companies to provide mail delivery services
in an attempt to cut costs and improve the quality of service.
The delivery service has been monopolized by the state-run Postal Service
Development Corp.
As a first step in that direction, KoreaPost chose Hyundai Logistics Co.,
through an open bid, as one of the service providers.
KoreaPost said it will select additional service providers for its 21 major
service zones by 2003. It plans to expand the competition system to 1,954
minor delivery zones. The post headquarters hopes it can cut 387 million won
(US$307,386) in costs by introducing the market system and spurring
voluntary management innovations at Postal Service Development Corp.
Copyright 2001 The Korea Herald.
Source: World Reporter (Trade Mark) – Asia Intelligence Wire.
THE KOREA HERALD, 03rd February 2001