Korea Post Headquarters to Redevelop Over 400 Aging Post Office Buildings Nationwide Starting Next Year
Investing 500 Billion KRW Over 5 Years, 100 Billion KRW Next Year for Rebuilding Around 50 Locations
Two-Track Strategy Creating Community-Friendly Spaces and Utilizing Business Models

Yeongwol Apple Post Office and Yangyang Surfboard Post Office to Open View original image

[Asia Economy Reporter Kim Bong-su] Old post office buildings nationwide are being redeveloped into business buildings and community-friendly, win-win spaces.


Son Seung-hyun, head of the Postal Business Headquarters at the Ministry of Science and ICT, held a press conference at the Seoul Press Center on the afternoon of the 23rd and announced that from next year until 2027, a total of 500 billion KRW will be invested over five years to newly reconstruct about 400 post offices nationwide according to regional characteristics.


They will break away from the uniform appearance of red bricks in the past and be reborn as local landmarks. In Yeongwol, Gangwon-do, known as an apple production area, an Apple Post Office will be established; in Yangyang, Gangwon-do, a surfing sanctuary, a post office with a large surfing board will be installed; and in Gyeongju, Gyeongbuk, the thousand-year-old capital, a post office built in the Hanok style will be created. Additionally, startup support facilities and community welfare facilities will be housed to create spaces that coexist with local residents.


First, 100 billion KRW will be invested next year to reconstruct about 50 post offices. Out of a total of about 3,400 post office buildings, around 400 will be reconstructed by 2027. The costs will be self-financed through profits from the postal savings business. The total cost of 500 billion KRW includes private capital or self-investment amounts.



Head Son said, "One of the new government's core national tasks is addressing regional extinction caused by population decline, and by utilizing the post office network, we aim to redevelop about 400 old and risky buildings with our own resources to promote balanced regional development and solve exclusion issues." He explained, "This will provide clean and convenient spaces for local residents as well as improved environments for employees who have been struggling in outdated conditions."


This content was produced with the assistance of AI translation services.

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