Korea Post

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.

This article is about the postal service of the Republic of Korea. For the postal service of the Democratic People's Republic of Korea, see North Korean Postal Service.
Korea Post
TypeGovernment statutory agency
IndustryLogistics, distribution, finance
Founded
  • March 27, 1884 (1884-03-27) (as Department of Postal Administration)
  • July 1, 1946 (1946-07-01) (as Ministry of Post and Communication)
  • July 1, 2000 (2000-07-01) (as Korea Post)
HeadquartersSejong City, South Korea
Key people
Kang Seong Ju (President of Korea Post)
ProductsNational/international mail delivery and special handling, third-party logistics, insurance, banking/postal savings
Revenue2,333,583,000,000 KRW (2013)
ParentMinistry of Science and ICT
Websitewww.koreapost.go.kr
Korea Post
Korean name
Hangul
Hanja
Revised RomanizationUjeong Sa-eop Bonbu
McCune–ReischauerUjŏng Saŏp Ponbu
Headquarters in Sejong

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

References
  1. "Korea Post Makes Inaugural Direct Property Investment in Paris". Sovereign Wealth Fund Institute. Retrieved 2016-10-23.
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