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.