Korea, France launch new service

Home > Business > Economy

print dictionary print

Korea, France launch new service

테스트

Korea Post President Kim Kee-deok, left, and La Poste President & CEO Paul-Marie Chavanne, launch the express parcel delivery system between Korea and Europe. [KOREA POST]

Korea’s national postal office has joined hands with its French counterpart on a cheaper express air shipping service.

Local e-commerce companies are expected to save about 35 percent in shipping costs.

Korea Post reached an agreement with La Poste at its headquarters in Paris on Tuesday local time to begin the service as early as April.

“The new service has been especially prepared for local e-commerce companies that sell goods to Europe to shave their shipping costs,” Kim Kee-deok, president of Korea Post, said at the agreement signing ceremony. “I hope it helps boost Korean electronic exports to Europe.”

The French postal office will loan part of its logistics centers, which will be used to temporarily store parcels from Korea until they are distributed to the rest of Europe. The service speeds delivery, as all customs procedures for products to Europe are done once in France before being distributed to their final destination.

The service is expected to take a day or two more than Korea Post’s current Express Mail Service (EMS), which usually takes two to three days until the products are delivered to cities with direct flights from Seoul. However, the rate will be a lot cheaper.

The service will only charge up to 33,900 won ($27.5) to ship a two-kilogram package to France. The regular EMS service costs up to 52,100 won.

Online shopping malls shipping parcels of 30 kilograms (66 pounds) or lighter can register for the new service to deliver products to all regions in Europe.

Korea is the sixth e-commerce trade partner for Europe, following China, Singapore and the United States, according to the postal agency.


BY KIM JI-YOON [kim.jiyoon@joongang.co.kr]





More in Economy

Gangbuk beats Gangnam

600,000 jobs added last year, but many public or welfare

Consumer price gains pick up speed in November

Life expectancy up 7 months for Koreans born in 2019

OECD knocks tenth of a point off Korea's 2020 growth

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now