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The Korea Herald

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Korean tidal flats set for UNESCO World Heritage expansion listing

South Korea's UNESCO-listed "getbol," or tidal flats, are expected to receive an expanded World Heritage designation, adding coastal wetlands in Yeosu, Goheung and Muan in South Jeolla Province; Seosan in South Chungcheong Province, heritage authorities said Friday. The Korea Heritage Service said the International Union for Conservation of Nature, the advisory body on natural heritage to UNESCO's World Heritage Committee, has recommended the inscription of "Getbol, Korean Tidal Flats PhaseⅡ." T

The Korea Herald

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Mirae Asset's SpaceX offering sells out in minutes

Mirae Asset Securities' first round of subscription for SpaceX shares sold out minutes after opening Friday, reflecting strong domestic demand for the highly anticipated listing. Mirae Asset is offering $500 million worth of SpaceX shares to registered professional investors, including individuals and corporations. Individual professional investors are those considered capable of assuming investment risks, taking into account their knowledge and experience in financial instruments and the scale

The Korea Herald

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Psy referred to prosecutors over alleged proxy drug pickup

Psy, the singer behind 2012 K-pop megahit "Gangnam Style," has been referred to prosecutors over allegations he had a manager collect psychotropic medication on his behalf. According to local media reports Tuesday, the Seoul Western District Prosecutors' Office received the case from police on Monday and is investigating Psy, his manager, a professor at a university hospital in Seoul and another individual on suspicion of violating the Medical Service Act. Psy is accused of receiving prescriptio

KBS World (English)

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Police Refer Rapper Psy, Others to Prosecution for Allegedly Receiving Prescription-Only Drugs

[Culture] : Police said Tuesday that Psy, rapper of "Gangnam Style" fame, has been referred to prosecutors over allegedly having received prescription-only psychotropic drugs through third parties. Psy and his associates have been accused of breaking the medical law that forbids the transfer of prescription drugs ... [more...]

The Korea Herald

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[Christian Catalini] Bot chargebacks, voyages, and AI liability

In 1688, the most valuable real estate in maritime commerce wasn't a warehouse or a shipyard. It was a coffeehouse on Tower Street. Edward Lloyd ran it. By most accounts, the coffee was unremarkable. What made the place was the ritual that happened on its wooden benches. A merchant would describe a voyage — the ship, the captain, the route, the cargo, the season — and a stranger across the room would walk over, take a pen, and sign his name under the description. He was agreeing to pay if the sh

The Korea Herald

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For these young Korean conscripts, military service is no longer lost time

Many Korean men used to describe mandatory military service as a suffocating period spent confined to barracks, bound by rigid routines and largely disconnected from the outside world. Conscription was widely seen as an involuntary pause in youth, rather than a continuation of the lives they had been building. But for Woo Tae-hyun, his 18 months in the military were the exact opposite. It was a strategically planned step toward his future goals. Discharged last December, the 22-year-old, current

The Korea Herald

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Australian man booked over bag theft at Jeju beach

An Australian national has been booked by police for allegedly taking a bag from a beach on Jeju Island, authorities said Wednesday. According to the Jeju Seobu Police Station, the man in his 30s was caught after riding away on a bicycle with a Korean tourist’s bag at Gwakji Beach on April 15 and hiding the victim’s belongings. Although the case was reported about an hour after the incident, police located the suspect within 20 minutes about 3 kilometers from the beach, based on his description

The Korea Herald

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Wegovy, Mounjaro face tighter controls in Korea

The South Korean government is moving to tighten access to injectable obesity medications, closing prescription loopholes and cracking down on overseas purchases amid misuse concerns. According to the Ministry of Food and Drug Safety on Wednesday, the ministry is working to designate glucagon-like peptide-1 obesity treatments as drugs of concern for abuse. Wegovy and Mounjaro, which have been selling rapidly in Korea, are included in the planned designation. These medications mimic the GLP-1 hor

한국은행 보도자료

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Eulyoo 1-yang Test Coin

King Gojong of Joseon made great efforts to establish a modern monetary system in his kingdom, launching a plan to issue a new set of coins made at the Central Government Mint (Jeonhwanguk), which was founded in 1883 according to the proposal of his German advisor, P. G. von Möllendorff. The government of Joseon imported blanks and coin dies from Germany and minted two of Korea’s first modern coins, a 1-nyang silver coin and a 5-mun tin test coin, in 1885. The coins are called Euryu Test Coins because they were minted in the Euryu Year (i.e. 1885). Of the two, the 1-nyang test coin bears on its front face a Taegeuk symbol with a plum spray, symbolizing the Joseon royal family, and on its rear face a dragon, symbolizing the royal authority, with inscriptions of the minting date and denomination along its edge.

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Hojo Taehwan Banknote

King Gojong of Joseon established the Central Government Mint (Jeonhwanguk) of Incheon in 1892, and the Office of Currency Conversion (Taehwanseo), the agency responsible for exchanging banknotes. The office issued convertible banknotes in denominations of 50, 20, 10 and 5 nyang for the purpose of withdrawing from circulation the old coins known as Sangpyeong Tongbo. The front face of the note bears the inscription, “This bill has been issued to be exchanged with currency in circulation,” together with a warning, “Anyone who forges or falsifies this bill or who circulates it knowing that it is forged or falsified will be subject to severe punishment.” Banknotes such as this were incinerated before being circulated after the Central Government Mint of Incheon was taken over by Imperial Japan and the Office of Currency Conversion was disbanded

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Key Charm

This decorative Key Charm, called a “coin charm plaque” (Byeljeonpae) or “key plaque” (Gaegeumpae), was one of the special gifts typically presented to a bride by her mother to celebrate her marriage. Decorative Key Charms like this one were made by attaching to it either a few small coin charms or a single large coin charm, using small holes and decorative loops. The small coin charms hanging from the Key Charm were engraved with inscriptions of Confucian virtues or with prayers for longevity, wealth and prosperity through the generations.

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Commemorative Coins: the 24th Olympic Games in Seoul

The Korean government issued thirty-two different coins made with gold, silver and nickel to commemorate the Seoul Olympic Games, producing them in five batches from February 7, 1987 to August 29, 1988. The front face of the coins featured designs inspired by traditional Korean folk games and heritages, while the designs for the rear face consisted of Korea’s national coat of arms, the Mugunghwa, and inscriptions of the 24th Olympic Games in Seoul. The commemorative coins were issued by the Bank of Korea at face value for the Seoul Olympic Organizing Committee, which sold them at a premium rate to collectors.

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Banliang

The ban liang coin was first issued in the Qin dynasty during the reign of China’s first emperor, Qin Shi Huang, who unified China's politically warring states in 221 BC and their currencies in an effort to lay secure foundations for a new centralized state. The coin was round with a square hole in the middle, reflecting the traditional cosmology of East Asia in which the sky is round and the earth square. Thereafter, the shape of the ban liang coin became the standard form for other coins made across Korea, Japan and Vietnam, as well as in China in the following periods. The coin took its name from the two-character inscription, ban liang (半兩), in seal script. The liang is an ancient unit of weight consisting of 24 zhu (or su), each of which is equivalent to about the weight of 100 grains of black millet, approximately 0.65 grams, and, accordingly, a ban (“half”) liang consists of 12 zhu, or approximately 7.8 grams.

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Kanei Tsuho

The Kanei Tsuho is a Japanese coin that is comparable to Joseon’s Sangpyeong Tongbo in that it was issued in larger amounts and in more types than any other coin, and was circulated for the longest period in the history of Japanese currency. The coin was issued in local mints across Japan for about 240 years from 1626, the 3rd Kanei year in the Tokugawa Shogunate period, to 1868 and was used widely by the common people of Japan. The front face of the coin is inscribed with four Chinese characters representing its name, Kanei Tsuho (寬永通寶), while its rear face contains inscriptions of the name of the area, a decorative design, numbers and characters.

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Daming Tongxing Baochao

The Daming Tongxing Baochao is a paper note that was circulated in Ming China during the fourteenth century, and is known to have been the world's largest banknote. Issued during the Hongwu period (1328 – 1398), this particular banknote contains the inscription “Daming Tongxing Baochao” (大明通行寶鈔) written in regular script at the top of its front face, and eight characters, “Daming Baochao Tianxia Tongxing” (大明寶鈔天下通行) written in seal script on the upper part of both faces. The center of the note shows the denomination of 1 gwan, with a design of ten bunches of coins placed directly beneath it to help illiterate users understand the function and value of the note. The lower part of the note contains a warning to the effect that anyone who forged this note would be subject to severe punishment.

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타임라인 키워드

Korean tidal flats set for UNESCO World Heritage expansion listing

Mirae Asset's SpaceX offering sells out in minutes

Psy referred to prosecutors over alleged proxy drug pickup

Police Refer Rapper Psy, Others to Prosecution for Allegedly Receiving Prescription-Only Drugs

[Christian Catalini] Bot chargebacks, voyages, and AI liability

For these young Korean conscripts, military service is no longer lost time

Australian man booked over bag theft at Jeju beach

Wegovy, Mounjaro face tighter controls in Korea

Eulyoo 1-yang Test Coin

Hojo Taehwan Banknote

Key Charm

Commemorative Coins: the 24th Olympic Games in Seoul

Banliang

Kanei Tsuho

Daming Tongxing Baochao