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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.
Telecommunications & Media
Proactive administration shines as EMS to U.S. resumes after emergency TF response
Korea Post’s U.S.-bound Express Mail Service (EMS) effectively stopped last summer after the Trump administration introduced tariffs on most mail items. Korea Post suspended acceptance of nearly all EMS items bound for the United States from Aug. 26, except documents. It formed an emergency task force to build a system to calculate and collect tariffs at post office counters and completed it in 22 days, allowing a rapid resumption of service.
Games & Commerce
EMS postage to get up to 6 percent additional discount to cut exporters\' burden
South Korea’s post office is offering additional discounts on international express mail to help small export companies cut overseas shipping costs. The Ministry of Science and ICT’s Postal Service said contract customers sending items abroad via EMS and EMS Premium will receive an extra 4 to 6 percent discount from April 20 to May 31. The benefit applies to existing and new contract customers during the period. The agency expects savings felt by customers to exceed about 10 percent when combined with a fee freeze.