Bank of Korea Issues Commemorative Coins for 'Korea's National Parks'... Gayasan, Byeonsanbando, Odaesan
[Asia Economy Reporter Seo So-jeong] The Bank of Korea announced on the 10th that it will issue a set of three commemorative coins featuring 'Korea's National Parks' (Gayasan, Byeonsanbando, Odaesan) to promote the beauty of the country's natural environment and the importance of ecological conservation.
The commemorative coins will be available for pre-order from the 17th of this month until the 10th of next month through Woori Bank, NongHyup Bank, and the Korea Minting and Security Printing Corporation, with distribution starting on April 21. The issued coins are silver coins with a face value of 50,000 won each, with a total issuance (sales) volume of 7,000 coins per type, totaling 21,000 coins.
The obverse side of each coin features landscapes that well represent the core characteristics of each national park, while the reverse side depicts representative flora and fauna (flagship species) of the respective national park.
Within the issuance volume, 90% is allocated for domestic sales, with the Korea Minting and Security Printing Corporation accepting reservations through Woori Bank, NongHyup Bank, and others. If the number of reservations per set exceeds the domestic allocation, winners will be determined by a random draw.
The remaining 10% is allocated for overseas sales through the Korea Minting and Security Printing Corporation's international sales network. If there is any shortfall, the remaining quantity will be added to the domestic allocation.
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The selling price is 62,500 won per single coin (face value 50,000 won + additional costs such as case 12,500 won), and 182,500 won for the set of three coins (face value 150,000 won + additional costs such as case 32,500 won).
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