Tag: Korea Post

Korea Post, the nations government run postal service, wants to be allowed to invest 5.5 trillion won ($4.8 billion) in Koreas stock markets beginning next year. The post office and its affiliated savings and insurance programs have total assets of about 50 trillion won. The agency said it expected no major opposition to the plan in the Assembly, which must approve it, and has gained the assent of other ministries for the proposal.
Until now, the postal agency has been allowed to buy stocks issued by the government or those of companies at least 50% owned by the government.

Korea Post, a state postal service agency, today said it would build a logistics terminal by 2007 in Incheon International Airport, located west of Seoul.

The project, worth 49.7 billion won (US$43.1 million), is intended to help the country become a Northeast Asian hub by supplying personal computer and digital appliance parts to the region, the mail service operator said in a press statement.

“The logistics center will act as a facilitator for South Korea to emerge as a technology hub for the region,” Korea Post said.

Korea Post began a one-day or less guaranteed parcel delivery service to Hong Kong from Monday at 24 post offices in Seoul, the agency said Wednesday.
The special postal service insures parcels are delivered within a day and if parcels are not delivered within the fixed time Korea Post refunds postal charges for the service.