By Joshua McMorrow-Hernandez for Coinweek …….
Korean Minting, Security Printing & ID Card Operating Corporation (KOMSCO) will release the Korean Tiger Bullion Series Medal in June, fielding yet another bullion option for international metals investors to add to their portfolios. The government-operated KOMSCO will allow South Korea to enter a growing field of nations with official bullion programs like the gold and silver American Eagle, Canadian Maple Leaf, Chinese Panda, and Austrian Philharmonic.
The obverse of the new Korean Tiger Bullion Series Medal features a tiger, symbol of courage, power and good luck. A geographical representation of the Korean peninsula in Hangul, or Korean script, is on the reverse. KOMSCO plans to offer these bullion medals on an annual basis.
The medals will be minted on state-of-the-art machines and will incorporate anti-counterfeiting features. One example of such a feature is the changing appearance of the Hangul lettering as the medal is tilted and rotated. The Korean Tiger Bullion Series Medal will be struck in 0.999-fine gold, but other specifications have yet to be released to the public.
Though the new Korean medal program will help the Asian nation flex its muscles as the producer of a government-backed bullion initiative, the new gold piece isn’t the first such numismatic offering from South Korea. The country has issued commemorative gold coins in denominations of 1,000 won and higher since the 1970s; themes include national leaders, Korean landmarks and the 1988 Olympic Games in Seoul, the capital of South Korea.
In all, South Korea will be one of about a dozen Asian and Pacific Rim nations that currently offer or have offered in the past a globally-recognized bullion initiative. The other nations, along with the aforementioned China, include Australia, Malaysia, Cook Islands, Fiji, Mongolia, New Zealand, Niue, Palau, Papua New Guinea, and Tokelau.
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