BOK wins lawsuit on face of Korea's 100 won coin
The face of Korea’s 100 won coin -- which shows a portrait of legendary Navy Adm. Yi Sun-sin (1545-1598) from the Joseon era -- will be maintained, after a court sided with the Bank of Korea in a copyright lawsuit.
The Seoul Central District Court confirmed a ruling Friday that the Bank of Korea has the right to use the portrait image of Yi, which was created by the late painter Jang Wu-seong, the BOK said.
Jang’s bereaved family filed a lawsuit on Oct. 9 against the Bank of Korea, requesting royalties from the central bank for imprinting Jang’s painting of Yi on the 100 won coin for the past 40 years, dating to the 1980s.
In 1975, the central bank paid Jang a sum of 1.5 million won -- roughly $3,100 at the time -- for the right to use his painting for the coin. The amount would be the equivalent of some 17 million won ($12,600) now.
Jang’s family, however, claimed the estate should receive further royalties from the central bank for use of the painting’s image on the 100 won coin.
The court took the BOK's side, seeing that it had secured the right to use the image by purchasing the copyright from Jang.
Jang’s painting of Yi was designated as an official portrait of the admiral by the government in 1973. The following year, the BOK requested Jang to create a new version of the portrait to use the image to issue currency. The official issuance of the 100 won with Yi’s painting on the front began in 1983.
-
HiteJinro soju seeks bigger footing in UKUS lawmaker submits bill requiring Pentagon report on allies' defense contribution[Korea Beyond Korea] From history and K[Herald Interview] Journey to find her voice has brought Vittoria Yeo to peak performanceHyundai’s ‘Uni Wheel’ system gives more room for different car designs[Korea Beyond Korea] From history and KKorea to set workplace harassment criteria: ministerLG, Hyundai, YouTube team up for inHiteJinro soju seeks bigger footing in UK[Korean History] Bodies of two infants discovered in freezer in Seoul's Seorae Village
下一篇:Yoon orders increased defense of public digital infrastructure
- ·Seoul anticipates 3
- ·[Korea Beyond Korea] From history and K
- ·Decoding Korea's 'virtuous' drinking culture
- ·LG Energy Solution debuts new battery
- ·Yoon orders increased defense of public digital infrastructure
- ·Davichi to return with new single next month
- ·N. Korean envoy rejects report on Hamas using N. Korean arms as 'groundless'
- ·HDC to spur digital innovation for efficiency, safety
- ·German envoy calls for enhanced security cooperation with S. Korea
- ·N. Korean envoy rejects report on Hamas using N. Korean arms as 'groundless'
- ·협치 첫 단추 ‘현수막 난립방지법’ 소위 통과
- ·‘北 정찰위성 3차 발사’ 질문에 美 국방부 “계속 모니터링”
- ·Seoul anticipates 3
- ·협치 첫 단추 ‘현수막 난립방지법’ 소위 통과
- ·협치 첫 단추 ‘현수막 난립방지법’ 소위 통과
- ·In early 2029, Earth will likely breach key warming threshold: scientists
- ·South Korea warns tit
- ·[Korea Beyond Korea] From history and K
- ·Yoon donates W5m toward construction of memorial for ex
- ·Director touts Netflix's ‘Daily Dose of Sunshine’ as warm tale for adults
- ·S. Korea, Japan, China agree to accelerate summit efforts
- ·In early 2029, Earth will likely breach key warming threshold: scientists
- ·北 오죽 돈 없으면…유럽서도 방 뺀다, 주스페인 대사관 폐쇄
- ·NK closes embassy in Spain after shutting down 2 missions in Africa
- ·YouTuber suspected of livestreaming after taking drugs
- ·Jungkook ties record for most Billboard Hot 100 hits as K
- ·[Top Envoy] Russian satellite help not likely priority for North Korea: Chun
- ·Unwind with Korea food, lifestyle docs on Netflix
- ·Blackpink's Jennie makes solo debut on Official UK Singles Chart
- ·TXT shatters records, tops charts with 3rd LP
- ·Doosan Robotics to supply chicken
- ·S. Korea joins ICRC's major donor group for 1st time
- ·SK Ecoplant recycles over 6,000 tons of batteries
- ·Try on traditional Korean costume during Hanbok Culture Week
- ·S. Korea, UAE strike bilateral free trade agreement
- ·[KH Explains] Amazon's cloud industry plans raise fears of Korean market monopoly
- ·Seoul shares close more than 1% higher on extended Israel
- ·NK closes embassy in Spain after shutting down 2 missions in Africa
- ·SK chief calls on board members to help CEOs make balanced decisions
- ·[Today’s K
- ·Labor unions slam government efforts to attract more foreign workers
- ·LG, Hyundai, YouTube team up for in
- ·[Today’s K
- ·Asiana Airlines delays decision on cargo business sell
- ·School violence drops, drugs among teens surge: police
- ·LG Energy Solution debuts new battery