Tag: Korea Post

Korean Post Office to help pay back Asian financial crisis loans

Posted by | Sep 5, 2002 | |

The government has decided today to ask the Post Office to pay insurance premiums to the Korea Deposit Insurance Corp. (KDIC), to help finance the repayment of public funds poured into ailing financial institutions in the wake of the Asian financial crisis in late 1997.
In a draft plan on the repayment of the public funds, the Ministry of Finance and Economy said the Post Office should share the burden for public fund repayments. The government will also use surplus budget finances to repay the public funds.
It will replace 13 trillion won (US$10.1 billion) worth of bonds, issued by the KDIC and the Korea Asset Management Corp. (KAMCO), with state bonds by the end of the year.
An additional 23 trillion won worth of KDIC and KAMCO bonds will be replaced by state bonds by 2006.
The balance in KDIC and KAMCO bonds will remain at 97 trillion won as of the end of the year.

Read More

Foreigners Eye Korea's Postal, Delivery Market

Posted by | Jul 15, 2002 | |

The Ministry of Foreign Affairs and Trade [S. Korea] said yesterday that the government will kick off bilateral negotiations for the liberalization of the service sector pertinent to the World Trade Organization’s (WTO) General Agreement on Trade in Services in Geneva July 22-26. According to the ministry, the government will dispatch a group of some 20 officials and experts from nine related government agencies to Geneva to hold negotiations with other WTO member nations, including the United States, Japan, China and the European Union, a ministry official said. Bilateral negotiation is largely a confirming process in which the involved nations ask for additional information of the countries asking for access to their markets.

Read More

Korean Postal Service rates to rise 9.5 pct from January 15

Posted by | Dec 28, 2001 | |

Korea Post today said it will raise postal service charges by 9.5 per cent from January 15 next year. The postal service said current low postal service rates, the depreciation of the won versus the U.S. dollar and boosts in international postal service charges necessitated the increase.

Read More

Korea Post to increase postage rates by 9.5% next year

Posted by | Dec 7, 2001 | |

Korea Post said it plans to raise postal charges by 9.5 per cent in the first half of next year. The state-run postal authorities attributed the hike to worsening foreign exchange terms and the failure of postal rates to cover the cost price which the postal service spends to accept, process and deliver mail.

Read More

TPG and Korea Post Sign MOU

Posted by | Oct 16, 2001 | |

October 16, 2001 — “TPG, through TNT Express International, and Korea Post have announced today the signing of a Memorandum of Understanding outlining
an alliance in the field of International Express delivery.

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest