Korea Post, which is a government agency affiliated with the Ministry of Science and ICT, is comprised of a nationwide network of approximately 2,800 post offices and retains 32,000 employees that provides the services of post, finance, insurance, etc.

In particular, our financial service, which is comprised of approximately 2,600 financial offices and 8,000 financial employees, aims to provide general financial services which can conveniently be used anytime and anywhere and greatly contributes to improve the economic life of the people and public welfare.

Since commencing with the postal money order and postal savings in 1905, postal finance has built up an illustrious 110-year history that is divided into postal savings to stabilize the daily life and saving desire of the people and insurance to jointly cope with any disaster risks.

Postal savings consist of depository business (excluding loans and trust), postal money order, postal transfer, treasury collecting agency, fund management for savings, etc.

Postal savings guarantee the full amount that is a key point of stable fund management. Also, Korea Post’s Saving Business department is responsible for fund and risk management, etc., in addition to running company stock and alternative investments. Postal insurance, which was started in 1929, is an inexpensive premium as it utilizes the facilities and employees of Korea Post and provides convenient accessibility which can be applied for from national post offices anytime and anywhere as well as the speedy application of a no-medical examination, etc. as a petty-sum insurance policy of less than 40 million won.

The Postal Savings Fund Management team and the Postal Insurance Asset Management team within Korea Post are responsible for ensuring the safety of all deposits and insurance payments that promotes stocks, alternative investments that are centered on the safe asset investment of long-term national and public bonds, etc. Also, to encourage the role of a national financial agency, Korea Post supports national finance and economic activities through the appropriate investments of supporting small and medium-sized businesses, etc.Korea Post has set up an asset-typed managing department in the Post Savings Business department and Insurance Business Group, and stably operates the assets of approximately 60-trillion-won in savings and 50-trillion-won in premiums.

The Post Saving Business department is divided into the Savings Fund management team, the Savings & Security Management team, and the Savings Alternative Investment team, while the Insurance Business department is comprised of the Insurance Asset Management team that manages the assets for each business. In addition, all of the departments include a Risk Management team individually and runs a law-abiding monitor directly governed by the director of the headquarters.

The finance-related employees of Korea Post attempt to play a key role as a national financial agency through continuously sharing information with the external agencies of securities companies, management companies, etc.

Thank you.