Korea Post is considering buying a stake in Woori Bank or Korea Exchange Bank, two of South Korea’s largest lenders, as it seeks to broaden its range of investments and fi nd new areas of business growth. The possible investments are two of the ideas under consideration as Korea’s postal service agency, which manages $65bn in assets, looks to triple its investments in equities next year. Currently, the state-run Korea Post has about 3 percent of its assets in stocks, or 1.9 … [Read more...] about Korea Post mulls stake in KEB or Woori

Sri Lanka’s Postal Department said it will prepare a budget to obtain fi - nancial assistance from the Treasury to modernise postal services and upgrade its facilities, Post Master General Shervyn Senadheera told the Sunday Observer. He said postal services across the globe have moved into fi nancial transactions, banking services, logistics and other value added services meeting customer expectations as a one-stop shop. “Postal services are no more limited to delivering letters … [Read more...] about Sri Lanka to upgrade postal services

Mail operator TNT has said it will decide in the next year whether to take on Royal Mail by launching a‘fi nal mile’ delivery service in theUK. The service would focus on bulkmail such as direct mail. Dutch fi rmTNT’s planned decision over whetherto launch the service has been acceleratedby the ongoing strike action atRoyal Mail. TNT has already run trials of a fi nal-mile service in Manchester and Glasgow, and is now looking at a national network. Chief executive Peter … [Read more...] about TNT weighs up “final mile” service

China should improve transparency of a new law governing the country’s US$6 billion-a-year express delivery market, say executives at UPS. An updated version of China’s Postal Law, which was promulgated in 1986, is in its ninth version and has been a source of concern for foreign and domestic courier companies pitted againstChina Post, the incumbent. Ken Torok, UPS Asia Pacific president, noted that transparency surrounding the law’s most recent drafts had deteriorated. … [Read more...] about Concerns over Chinese postal law

Emirates Post has announced that its website (www. emiratespost.ae) has been enhanced to offer a wide range of postal and non-postal services, backed by a secure online paymentsystem. According to Emirates Post, users can after registering online pay bills, Sharjah Traffi c Police and Sharjah Municipality fi nes, track parcels and registered items and calculate postaltariffs. The website also allows people to form their own utility bill management system online by registering with an … [Read more...] about Emirates Post offers new online services