Korea Minting And Security Printing Corporation
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Korea Minting And Security Printing Corporation
The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; Korean: 한국조폐공사) is a state-owned corporation which is responsible to print and mint the banknotes and coins and other government documents. Its headquarters are located in Daejeon, South Korea. Products The main job of KOMSCO is printing and minting the South Korean currency. Currently the 1000, 5000, 10,000, 50,000 KRW banknotes and the 1, 5, 10, 50, 100, 500 KRW coins are minted and printed by the currency plant of KOMSCO. Also, they produce all South Korean cheques, stamps, and passports. KOMSCO currently produces four bullion coin series; Komsco Tiger series, Chiwoo Cheonwang Chiyou (蚩尤, ) is a mythological being that appears in East Asian mythology. Individual According to the Song dynasty history book '' Lushi'', Chiyou's surname was Jiang (), and he was a descendant of flame. According to legend, Chiyou had ..., Zi:Sin, and the K Series. External links *KOMSCO offi ...
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Government-owned Corporation
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and devel ...
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Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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Finance In South Korea
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessm ...
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K Series
K series may refer to: * Lincoln K series, a line of luxury vehicle *Scania K series, a series of bus chassis with longitudinal rear-mounted engines *Skoda K series, a heavy howitzer *K series engine (other) *International Harvester K and KB series, a line of heavy trucks of the 1940s * ''QI'' (K series), the eleventh series of quiz show ''QI'' *Sony Ericsson K series, a series of cell phones *K-series (trains), a type of train in China *"K" series, a set of messages in the military Variable Message Format data protocol *K Series (TV series) K Series was a television programming block on the Tamil TV channel on Puthuyugam TV in Tamil Nadu featuring Tamil-dubbed Korean dramas. It launched on 12 May 2014 and aired Monday through Friday 9:00PM IST until 30 October 2015. The second sea ..., a television programming block on Puthuyugam TV See also * J series (other) * L series (other) {{disambiguation ...
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Chiwoo Cheonwang
Chiyou (蚩尤, ) is a mythological being that appears in East Asian mythology. Individual According to the Song dynasty history book '' Lushi'', Chiyou's surname was Jiang (), and he was a descendant of flame. According to legend, Chiyou had a bronze head with a distinct metal forehead. He had 4 eyes and 6 arms, wielding terrible sharp weapons in every hand, similar to a description of ''fangxiangshi''. (2005) (2006) . p 11-13. In some sources, Chiyou had certain features associated with various mythological bovines: his head was that of a bull with two horns, although the body was human, and his hindquarters were those of a bear. He is said to have been unbelievably fierce, and to have had 81 brothers and many followers. Historical sources often described him as 'bold leader', as well as 'brave'. Some sources have asserted that the figure 81 should rather be associated with 81 clans in his kingdom. Chiyou knows the constellations and the ancients spells for calling upon the ...
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Komsco Tiger Series
The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; Korean: 한국조폐공사) is a state-owned corporation which is responsible to print and mint the banknotes and coins and other government documents. Its headquarters are located in Daejeon, South Korea. Products The main job of KOMSCO is printing and minting the South Korean currency. Currently the 1000, 5000, 10,000, 50,000 KRW banknotes and the 1, 5, 10, 50, 100, 500 KRW coins are minted and printed by the currency plant of KOMSCO. Also, they produce all South Korean cheques, stamps, and passports. KOMSCO currently produces four bullion coin series; Komsco Tiger series, Chiwoo Cheonwang, Zi:Sin, and the K Series K series may refer to: * Lincoln K series, a line of luxury vehicle *Scania K series, a series of bus chassis with longitudinal rear-mounted engines *Skoda K series, a heavy howitzer *K series engine (other) *International Harvester K and .... External links *KOMSCO offic ...
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Bullion
Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from the Anglo-Norman term for a melting-house where metal was refined, and earlier from French , "boiling". Although precious metal bullion is no longer used to make coins for general circulation, it continues to be held as an investment with a reputation for stability in periods of economic uncertainty. To assess the purity of gold bullion, the centuries-old technique of fire assay is still employed, together with modern spectroscopic instrumentation, to accurately determine its quality. As investment The specifications of bullion are often regulated by market bodies or legislation. In the European Union, the minimum purity for gold to be referred to as "bullion", which is treated as investment gold with regard to taxation, is 99.5% for gol ...
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Republic Of Korea Passport
The Republic of Korea passport ( ko, 대한민국 여권, Daehan Minguk yeogwon), commonly referred to as the South Korean passport, is issued to a South Korean citizen to facilitate their international travel. Like any other passport, South Korean passports serve as proof for passport holders' personal information, such as nationality and date of birth. South Korean passports are issued by the Ministry of Foreign Affairs and have been printed by the Korea Minting and Security Printing Corporation (KOMSCO) since 1973. On 21 December 2021, issuing the next generation biometric passports to South Korean citizens has begun, which was delayed by one year as planned due to the COVID-19 pandemic. Types *Ordinary passport (일반여권): Issued to normal citizens. Ordinary passports are issued for one, five, or ten years of validity, depending on age of bearer (see below for details). *Diplomatic passport (외교관여권): Issued to diplomats and nationals who serve under diplomatic ...
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Cheques
A cheque, or check (American English; see spelling differences) is a document that orders a bank (or credit union) to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the ''drawer'', has a transaction banking account (often called a current, cheque, chequing, checking, or share draft account) where the money is held. The drawer writes various details including the monetary amount, date, and a payee on the cheque, and signs it, ordering their bank, known as the ''drawee'', to pay the amount of money stated to the payee. Although forms of cheques have been in use since ancient times and at least since the 9th century, they became a highly popular non-cash method for making payments during the 20th century and usage of cheques peaked. By the second half of the 20th century, as cheque processing became automated, billions of cheques were issued annually; these volumes peaked ...
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South Korean Won
The Korean Republic won, unofficially the South Korean won ( Symbol: ₩; Code: KRW; Korean: 대한민국 원) is the official currency of South Korea. A single won is divided into 100 jeon, the monetary subunit. The jeon is no longer used for everyday transactions, and it appears only in foreign exchange rates. The currency is issued by the Bank of Korea, based in the capital city of Seoul. Etymology The old "won" was a cognate of the Chinese yuan and Japanese yen, which were both derived from the Spanish-American silver dollar. It is derived from the hanja (, ''won''), meaning "round", which describes the shape of the silver dollar. The won was subdivided into 100 ''jeon'' (), itself a cognate of the Chinese unit of weight mace and synonymous with money in general. The current won (1962 to present) is written in hangul only and does not officially have any hanja associated with it. First South Korean won History The Korean won, Chinese yuan and Japanese yen were ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Printing
Printing is a process for mass reproducing text and images using a master form or template. The earliest non-paper products involving printing include cylinder seals and objects such as the Cyrus Cylinder and the Cylinders of Nabonidus. The earliest known form of printing as applied to paper was woodblock printing, which appeared in China before 220 AD for cloth printing. However, it would not be applied to paper until the seventh century.Shelagh Vainker in Anne Farrer (ed), "Caves of the Thousand Buddhas", 1990, British Museum publications, Later developments in printing technology include the movable type invented by Bi Sheng around 1040 AD and the printing press invented by Johannes Gutenberg in the 15th century. The technology of printing played a key role in the development of the Renaissance and the Scientific Revolution and laid the material basis for the modern knowledge-based economy and the spread of learning to the masses. History Woodblock printing Woodblock p ...
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