Press Release

Korea Post and TPG join forces in strategic co-operation

Publish Date : 9 December 2003 at 12:30 CET - The Postal Service of the Republic of Korea (Korea Post) and mail, express and logistics company TPG N.V. today announced that they have signed a Memorandum of Understanding (MOU), that will provide the foundation for a broad strategic co-operation. This builds upon the successful partnership in international express mail between Korea Post and TPG that was entered into in 2001.

Mr. Koo of President of Korea Post, led his delegation on a visit to the head office of TPG in the Netherlands, upon invitation of Mr. Peter Bakker, CEO of TPG. During the visit, Mr. Koo and Mr. Peter Bakker signed a MOU, that included an agreement to set up immediately a task force to explore potential areas of mutually beneficial co-operation in the areas of mail and express.

With a background of successful past co-operation between Korea Post and TPG, the two companies have laid solid foundations to expand their co-operation and to build closer ties, as well as to initiate joint efforts in exploring global markets. By benefiting from synergies and mutual strengths, Korea Post and TPG will be able to further improve both parties' services to their Korean and global clients.

Page publication date: 9 December 2003 at 12:30 CET