KIS ''Yangmu'' (양무호,揚武號) was the first warship of the Korean Empire Armed Forces. This ship was built by Sir Raylton Dixon & Co and named "SS Pallas". This ship launched on 1881 and used in Clark George Ltd, Sunderland. In 1893, this ship sold to the Japan's

Mitsui Corporation is one of the largest '' keiretsu'' in Japan and one of the largest corporate groups in the world. The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Indust ...

, and Named "Kachidate Maru". Next 1903, Japan's It was purchased by the Korean empire from Mitsui Corporation with 1,100,000

Korean Won The Korean won ( ko, 원 (圓), ) or Korean Empire won ( Korean: 대한제국 원), was the official currency of the Korean Empire between 1902 and 1910. It was subdivided into 100 ''jeon'' (; ko, 전 (錢), ). Etymology Won is a ...

, or 550,000 Japanese Yen. This was about 30% of the total military budget of the Korean Empire. The warship, however, was not as efficient as it looked because its previous use as a cargo ship. For the reasons above, another battleship was ordered to be constructed for a more efficient warship- the .

References

{{Reflist *An, Joo Yun. "The Korean Empire: a 13-year Plan." History Special. Dir. Jung Hoon Go. KBS. KBS1, Seoul, 22 Sept. 2006. Television. 1881 ships Korean Empire Naval ships of Korea Ships built on the River Tees