Korea Post President Kang Seong-ju, Chairman Lee Dong-ho of the National Federation of Post Trade Unions, and Chairman Lee Chul-soo of the KIST officials’ labor attend a rally to declare labor-management harmony and promote shared growth at Gwanghwamun Post Office on Jan. 2. (Photo: Korea Post)

Korea Post, under the umbrella of the Ministry of Science and ICT (MSIT), and trade unions together pledged to promote labor-management harmony and win-win strategies.

Korea Post, the National Federation of Post Trade Unions, and KIST officials’ labor union jointly held a rally to declare labor-management harmony and promote shared growth at Gwanghwamun Post Office on Jan. 2 prior to a ceremony to kick off the 2019 business year.

In the statement, both sides agreed to make efforts together to improve working conditions and the welfare of staffers by establishing a win-win labor-management environment and through technology innovation in an era of the 4th Industrial Revolution. They will also innovate post office logistics. It was the first time that Korea Post and trade unions held such a declaration ceremony. It takes on significance since the event is considered the first step to respecting labor’s values.

Korea Post President Kang Seong-ju said, “At the first day of New Year, (I urge) Korea Post and trade unions to go hand-in-hand for labor-management shared growth and concentrate all capabilities to improve the worsening business situation regardless of labor and management.”

Chairman Lee Dong-ho of the National Federation of Post Trade Unions said, “Labor and management will spearhead efforts to make (Korea Post) a safe workplace, and they will make joint efforts to develop the post business through cooperation.”

Chairman Lee Chul-soo of the KIST officials’ labor union said like the saying “moshinbullip,” meaning that anyone cannot stand without trust, “I wish today’s promise will be reborn based on solid trust to lay a foundation to make post offices safe and the post business a solid one.”

Korea Post strives to devote itself to solving fatalities caused by postmen’s overwork, and executing post services beloved by people without interruption.

Labor and management plan to jointly carry out social volunteer activities, and management plans to communicate with labor by exploring to labor measures designed to address issues and holding quarterly labor-management consultation meetings.

Korea Post Offers Discounts to Users of Post Pay

Starting Jan. 1, Korea Post is offering a 5 percent to 10 percent discount to payments to customers who charge with the Post Pay at post offices.

 
Post Pay is a convenient settlement service in which product payments can be transferred from customers’ account to sellers’ account. Merchants of small shops with 800 million won less in annual sales can settle payments free of charge. New Post Pay subscribers are given a 10 percent discount to payments standing at a maximum of 20,000 for one month since their subscription. Existing users are given a 5 percent discount to payments – discounting a maximum of 10,000 per month.

Korea Post to Raise 1.2 Tln Won Fund for Businesses of 4th Industrial Revolution

Korea Post will raise a 1.2 trillion won fund for businesses in the 4th Industrial Revolution in cooperation with the private sector. The raising of the KP-INNO Fund is designed to expand the portion of high-return, alternative investments in less correlation with conventional assets such as shares amid rising uncertainties of the final markets, caused by the U.S. policy interest hikes and declining Korean and foreign stock markets. Korea Post will invest 400 billion won for the fund, which will swell to 1.2 trillion won with private capital.