TPG and Korea Post sign Memorandum of Understanding
Kyo-Yong Lee, president of Korea Post and Alan Jones, Group Managing Director Express signed the Memorandum of Understanding
TPG, through TNT Express International, and Korea Post have announced today the signing of a Memorandum of Understanding outlining an alliance in the field of International Express delivery. Operations are planned to commence mid-November 2001. This is the first commercial alliance signed by the Korean State Post with an international partner.
The alliance will immediately extend the geographical coverage offered to Korean customers by 72 further countries world wide. In addition, TPG and Korea Post will jointly explore opportunities to further expand this strategic relationship.
