Bank of Korea to Issue Commemorative Coin for Nuriho Launch Success... Purchase Reservations Open from 21st
Single Item 62,000 Won, 2-Item Set 130,000 Won
The Bank of Korea announced on the 10th that it plans to issue two types of commemorative silver coins to celebrate the successful launch of the Korean space launch vehicle Nuriho, developed with Korea's own technology.
The Nuriho launch success commemorative coins will be available for pre-order from the public starting on the 21st of this month until the 9th of next month, with distribution scheduled to begin on January 18th of next year.
For Silver Coin I, the obverse depicts the launching Nuriho (KSLV-II) and the launch pad, while the reverse illustrates the development process of Korea's launch vehicles. It also features a Taeguk pattern created using the intaglio technique and the inscription 'Nuri.'
The obverse of Silver Coin II depicts the third-stage engine of Nuriho entering orbit and the lunar surface, symbolizing expectations for future lunar exploration. It also partially depicts constellations from the Cheonsang Yeolcha Bunyajido, a representative cultural heritage of Korean astronomy. The reverse is the same as that of Silver Coin I.
The inner case is designed in the shape of a space launch vehicle reminiscent of Nuriho.
The total issuance is 14,000 coins, with 7,000 coins per type.
Within the issuance range, 90% of the domestic allocation will be available for reservation through the Korea Minting and Security Printing Corporation via financial institutions (Woori Bank and NongHyup Bank) and its online shopping mall. If the number of reservations exceeds the domestic allocation per set, winners will be determined by random draw.
If the number of reservations falls short of the issuance volume, the reserved coins will be sold to applicants as is, and the remaining unsold coins will be sold continuously through the Korea Minting and Security Printing Corporation's online shopping mall.
The overseas allocation (10%) will be reserved through the Korea Minting and Security Printing Corporation's overseas sales network, and any unsold coins will be included in the domestic allocation.
The selling price is 62,000 KRW per single coin. This price includes the face value of 50,000 KRW plus 12,000 KRW for the case and other incidental costs. The two-coin set is priced at 130,000 KRW.
Each individual may purchase up to 3 coins per type and up to 3 sets.
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Applicants can apply by bringing their ID to Woori Bank or NongHyup Bank branches during the application period. Applications can also be made through the banks' websites and the Korea Minting and Security Printing Corporation's online shopping mall.
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