Korea Post Explained

Korea Post
Type:	Government statutory agency
Key People:	Kang Seong Ju (President of Korea Post)
Parent:	Ministry of Science and ICT
Location:	Sejong City, South Korea
Industry:	Logistics, distribution, finance
Revenue:	2,333,583,000,000 KRW (2013)
Products:	National/international mail delivery and special handling, third-party logistics, insurance, banking/postal savings

Rr:	Ujeong Sa-eop Bonbu
Mr:	Ujŏng Saŏp Ponbu

Korea Post is the national postal service of South Korea, under the authority of the Ministry of Science and ICT, formerly Ministry of Knowledge Economy until 2013. Korea Post is in charge of postal service, postal banking, and insurance services. Its headquarters are in Sejong City.

Functions

Korea Post is charged with providing the following postal and financial services at post offices:

• Basic postal service (handling and delivering mail and parcels)
• Additional postal services (registered mail, customer pickup, P.O. Box, sales of local products by mail order and postal errand service)
• Postal savings, money orders and postal giro
• Postal insurance.

Organization

• Two divisions with four bureaus
• Affiliated agencies:
  • Korea Post Officials Training Institute
  • Korea Post Information Centre
  • Supply and Construction Office of Korea Post
  • Regional Communications Offices in Seoul, Gyeongin, Busan, Chungcheong, Jeonnam, Gyeongbuk, Jeongbuk, Kangwon, Jeju
  • 3,631 post offices

Investments

Korea Post invests in a wide variety of assets. In 2016, Korea Post invested in its first French property.^[1]

See also

• Postage stamps and postal history of South Korea
• South Korean postal codes

External links

• Korea Post
• ePost
• https://parcel.epost.go.kr/parcel/use_guide/charge_1.jsp

Notes and References

1. Web site: Korea Post Makes Inaugural Direct Property Investment in Paris. Sovereign Wealth Fund Institute. 2016-10-23.