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Games & Commerce

Korea Post to cut delivery costs for small merchants on direct-to-consumer sites with Cafe24 deal

The Ministry of Science and ICT’s Korea Post will work with Cafe24 to reduce logistics and financial burdens for small merchants running or preparing their own direct-to-consumer shopping sites. Under the agreement, contracted parcels can be sent from 2,900 won depending on weight and size, with additional discounts for some international mail services. Korea Post will also waive key fees for savings customers and apply a preferential interest rate of up to 0.15 percent a year.

Industry

Overseas Koreans in South Korea to get up to 13 percent off EMS postage

Overseas Koreans living in South Korea and their family members will be eligible from next month for discounts of up to 13 percent on international express mail (EMS) and EMS Premium services. Korea Post will also provide preferential interest rates of up to 0.15 percent on postal deposits and a 30 percent preferential exchange rate for overseas remittances. The measures follow an agreement with the Justice Ministry to support stable settlement. Benefits start on Sept. 1.

Finance

Korea Post launches \'My All Day\' debit card targeting middle-aged customers

The Ministry of Science and ICT’s Postal Service said it launched the \'Post Office My All Day Debit Card\' on Aug. 18, reflecting key spending patterns of middle-aged customers. The card offers 5 percent cashback in areas such as dining, health, exercise, culture, leisure, travel and shopping, and 10 percent cashback on postal services including postage, EMS and Post Office Shopping. Cashback benefits can total up to 30,000 won a month depending on transaction performance.