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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.

Mobility

Why Socar brought in Tesla: Seed for subscription business

Socar is rapidly expanding its subscription business by offering Tesla Model X and Model S vehicles equipped with supervised Full Self-Driving (FSD). The two models drew about 2,000 pre-bookings within 10 days despite prices of 1.49 million won a week and 3.99 million won a month. The service targets demand in the 1 to 3-week gap between short-term car sharing and monthly long-term rentals, using an auto-renewal structure and positioning FSD vehicles as a top-of-funnel offering.

Industry

LG Innotek Q1 operating profit up 136 percent on year to 295.3 billion won

LG Innotek said on April 27 it posted first-quarter revenue of 5.53 trillion won and operating profit of 295.3 billion won. Revenue rose 11.1 percent and operating profit jumped 136 percent from a year earlier, with revenue the highest ever for a first quarter. From the previous quarter, revenue fell 27.3 percent and operating profit declined 9.1 percent. The company cited solid demand and strength in high value-added semiconductor substrates.