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Sunday, 5 July 2015

The Bank of Korea Money Museum, Seoul Jung-gu: It's all about the MONEY.

The Bank of Korea Money Museum (Hanja: 韓國銀行貨幣博物館), opened in conjunction to the 50th anniversary (Golden Jubilee) of the establishment of the Bank of Korea (June 12th, 2000), introduces the history of the currency culture home and abroad through the history and related documents of the Bank of Korea (BOK). In doing so, the museum aims to raise public awareness on currency culture while highlighting the importance of price stabilization in the development of the economy.

It is located behind to the Main Building of BOK when you face to the entrance of the Museum with the same address (39 Namdaemun Avenue, Namdaemun 3-ga 110-beonji, Seoul Jung-gu). This museum was previously used as the main office of BOK since the Chosun Central Bank (Korean: Joseon Eunhaeng/조선은행/朝鮮銀行) established in 1905. This museum is gazetted as the 280th Korean Republic Historical Treasure in September 25th 1981 after the Office moved to the new tall building in front of the Museum Complex.

The museum is not just a cultural space, but also a great place for hands-on education. The museum currently preserves & presents around 4,500 kinds of international and domestic currency as well as documents related to the work done by the Bank of Korea. Other exhibitions explain the minting process and the recognition of counterfeits as well as displaying systematic research documents on money and the state economy.

The Bank of Korea Museum consists of 4 ZONES:
* ZONE 1 (Our Bank of Korea) 
Here, visitors may learn about the background/purpose of the establishment of the Bank of Korea, what they do in the bank, how the bank is organized and managed, and the origin of the central banking system. 
* ZONE 2 (The Lifecycle of Currency) 
This zone explains the manufacturing and circulation process of currency, how counterfeits are identified, how to exchange damaged currency, and the future of currency. 
* ZONE 3 (Money and the State Economy) 
Here, visitors may learn the importance of price stabilization and monetary and credit policies of the central bank through video clips, models and computer games. Also, you may learn more about what defines currency, interest rates and prices as well as the importance of price stabilization and the state economy, the monetary and credit policy of the Bank of Korea, and the role of the central bank in the economic development of Korea. 
* ZONE 4 (Currency Square) 
From ancient days to modern times, the currency of Korea is on display by era. Visitors to this zone can also see rare currencies from around the world.