Industry

Domestic postage fees to rise for first time in 5 years from July 1

South Korea will raise domestic standard postage fees for the first time in 5 years, starting on July 1, the Ministry of Science and ICT’s Korea Post said. The price of a standard letter up to 25 grams will rise to 500 won from 430 won, while other weight bands will also increase by 70 won. Korea Post cited falling mail volumes and rising operating costs amid widening losses.

Telecommunications & Media

KT marks 7th anniversary of easy payment service with event giving away gold

KT is running a month-long July event to mark the seventh anniversary of its easy-payment mobile bill payment service. Customers who immediately pay at least 10,000 won of KT telecom charges via Kakao Pay, Naver Pay, Toss Pay or Payco will be automatically entered. KT will draw 7,777 winners to receive 7,000 points from the payment provider used, and 7 winners to receive 3.75 grams of pure gold. Prizes are due by late August.