Tag: Korea Post

Heads from six postal services gather

Senior executives from six postal administrations in the Asia-Pacific region will today wrap up their three-day meeting held at Seoul’s Shilla Hotel, the meeting’s organizer Korea Post said yesterday.
Participants of the fourth annual Kahala Posts Group CEO/BOD Joint Meetings discussed the current status and future prospects of “express mail services,” or EMS, and the implementation of the Kahala Initiative, the state-run postal service said.

Participants include Tam Wing-pong, postmaster general of Hong Kong Post; Toshihiro Takahashi, senior executive vice president for Japan Post; Hwang Joong-yon, inspector general of Korea Post; Ma Jun Sheng, vice director-general of the Chinese State Postal Bureau; Graeme John, managing director of Australia Post; and Paul Vogel, vice president for network operations management in the U.S. Postal Service. Adam Crozier of the U.K.’s Royal Mail, which will soon likely join the Kahala membership, also attended the meeting.

The Kahala Initiative refers to an integrated postal service network among six member countries including Korea, the United States, Japan, China, Australia and Hong Kong, to enhance the quality and competitiveness of EMS.

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S Korea's postal agency wins World Mail Award on e-commerce

South Korea’s state-run postal service agency said Friday it won the World Mail Award for its innovative efforts to promote electronic commerce and transactions. The World Mail Award is an annual event organized by Triangle Management Services, a British mail consulting company, Korea Post said.

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Asia-Pacific postal services combine to fight couriers

Australia Post is part of an alliance intended to improve competition against international air express companies. The other alliance members are China Post, Hong Kong Post, Korea Post, Japan Post and the US Postal Service. The alliance will provide a low-cost express courier service. It will target small to medium-sized businesses. The new enterprise will offer over 261 million delivery points, with 142,000 retail locations. Its rates for parcels up to 30 kilograms will be between 40 per cent and 50 per cent lower than those of competitors.

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Japan, China, S. Korea postal authorities to seek cooperation

The state-backed Japan Post said Wednesday it has agreed with Chinese and South Korean postal authorities to seek tie-ups in operations such as international remittance and the use of automated teller machines. The agreement was reached as a result of high-level talks of postal officials from the three countries held in Tokyo last Wednesday, Japan Post said. The accord calls for Japan Post, the State Postal Bureau of China and Korea Post to study ways of realizing emergency international remittance, acceptance of international credit cards for use in their ATMs and exchange of information on new postal products and services.

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Korea Post Loses 166 Bln Won After Investing in LG Card, SK Global

Korea Post, South Korea’s postal service agency, lost 166.2 billion won (USD145 million) last year after buying stocks in two troubled companies, LG Card Co. and SK Global Co., the Ministry of Information and Communication said Thursday.
Last year, the postal service also reported an investment loss of 22 billion won in managing some derivative products, the ministry said in a report to an annual parliamentary audit. Korea Post, considered the second-largest government investor after the National Pension Corp., reported a loss of 98 billion won after buying shares of LG Card, which narrowly avoided bankruptcy earlier this year only after creditors funded a USD4.5 billion bailout.

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