Daehan Cheon-il Bank
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Daehan Cheon-il Bank
Daehan Cheon-il Bank (), sometimes transcribed as Daehancheonil Bank, was the first viable domestic joint-stock bank in Korea, established in 1899. In its early years it was one of only two Korean-owned Western-style banks, together with the Hanseong Bank (est. 1897). In 1911 it was renamed Chōsen Commercial Bank (, also transcribed as Joseon Sangup Bank), then in 1950 Korea Commercial Bank (). By the 1990s, Korea Commercial Bank was still one of the five most prominent banks in South Korea, alongside Chohung Bank, Korea First Bank, Hanil Bank, and Seoul Bank. It suffered from the 1997 Asian financial crisis, however, and was eventually merged with Hanil Bank to form Woori Bank. Background Modern financial development in Korea started with the Japan–Korea Treaty of 1876 and the subsequent entry into the country of joint-stock Japanese banks, which themselves had only been established in the course of that same decade. Thus, the Dai-Ichi Bank ("First Bank"), Japan's firs ...
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Gwangtonggwan
Gwangtonggwan () is a building at 19 Namdaemunno 1-ga, Jung District, Seoul, South Korea. Built in 1909, it is one of Korea's oldest bank buildings. Currently the Woori Bank's Jongno Branch, it is also the oldest continuously operating bank building in Korea. Constructed in 1909, Gwangtonggwan is one of the few surviving examples of Korea's early 20th century western architecture. In recognition of the building's architectural and historic importance, Gwangtonggwan was registered as the one of city's protected monuments on March 5, 2001. History Gwangtonggwan was built in 1909 originally as a head office for Daehan Cheon-il Bank and Suhyeongjohap. Daehan Cheon-il Bank, established in 1899 and supported by the Emperor Gojong of the Korean Empire, was a Korean bank aimed to preserve Korea's national capital assets against the growing influences of the Japanese banks over Korea's finances. The building itself was designed by the architecture and construction office of the Takji ...
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Shibusawa Eiichi
was a Japanese industrialist widely known today as the "father of Japanese capitalism", having introduced Western capitalism to Japan after the Meiji Restoration. He introduced many economic reforms including use of double-entry accounting, joint-stock corporations and modern note-issuing banks. He founded the first modern bank based on joint stock ownership in Japan. The bank was aptly named The First National Bank (''Dai Ichi Kokuritsu Ginkō'', now merged into Mizuho Bank) and had the power to issue its own notes. Through this bank, he founded hundreds of other joint stock corporations in Japan. Many of these companies still survive to this day as quoted companies in the Tokyo Stock Exchange, which Shibusawa also founded. The Japanese Chamber of Commerce and Industry was founded by him as well. He was also involved in the foundation of many hospitals, schools, universities (including the first women's university), the Imperial Hotel in Tokyo and charitable organizations in ...
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Division Of Korea
The division of Korea began at the end of World War II on 2 September 1945, with the establishment of a Soviet occupation zone and a US occupation zone. These zones developed into separate governments, named the Democratic People's Republic of Korea (North Korea) and the Republic of Korea (South Korea), which fought Korean War, a war from 1950 to 1953. Since then the division has continued. During World War II, the Allies of World War II, Allied leaders had already been considering the question of Korea's future following Surrender of Japan, Japan's eventual surrender in the war. The leaders reached an understanding that Korea would be removed from Japanese control but would be placed under an United Nations trust territories, international trusteeship until the Koreans would be deemed ready for self-rule. In the last days of the war, the United States proposed dividing the Korean peninsula into two occupation zones (a U.S. and Soviet Union, Soviet one) with the 38th parallel n ...
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Bank Of Chōsen
The Bank of Chōsen (, ''Joseon Eunhaeng''), known from 1909 to 1911 as the Bank of Korea ( ''Kankoku Ginkō'', ''Hanguk Eunhaeng'') and transcribed after 1945 as Bank of Joseon, was a colonial bank that served as bank of issue for Korea under Japanese rule as well as being a commercial bank, with significant operations beyond Korea until 1945. Formed in 1909 by reorganization of the former Korean operations of Japan's Dai-Ichi Bank, it issued the Korean yen from 1910 to 1945. Its seat was initially established in Seoul (known at the time as Hanseong, then Keijō), relocated to Tokyo in May 1924, and subsequently relocated back to Keijō. It has been described as "a primary component of Japanese foreign expansionism". Following the division of Korea in 1945, the Bank of Chōsen was succeeded in North Korea by the Central Bank of the Democratic People's Republic of Korea, Central Bank of the DPRK. In South Korea, it continued its activity and issued the South Korean won (1945–19 ...
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Korea Under Japanese Rule
From 1910 to 1945, Korea was ruled by the Empire of Japan under the name Chōsen (), the Japanese reading of "Joseon". Japan first took Korea into its sphere of influence during the late 1800s. Both Korea (Joseon) and Japan had been under policies of isolationism, with Joseon being a Tributary system of China, tributary state of Qing China. However, in 1854, Perry Expedition, Japan was forcibly opened by the United States. It then rapidly modernized under the Meiji Restoration, while Joseon continued to resist foreign attempts to open it up. Japan eventually succeeded in opening Joseon with the unequal Japan–Korea Treaty of 1876. Afterwards, Japan embarked on a decades-long process of defeating its local rivals, securing alliances with Western powers, and asserting its influence in Korea. Japan Assassination of Empress Myeongseong, assassinated the defiant Korean queen and intervened in the Donghak Peasant Revolution.Donald Keene, ''Emperor of Japan: Meiji and his World, 1852 ...
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Chosen Commercial Bank Head Office
Chosen or The Chosen may refer to: Books * ''The Chosen'' (Potok novel), a 1967 novel by Chaim Potok * ''The Chosen'', a 1997 novel by L. J. Smith * ''The Chosen'' (Pinto novel), a 1999 novel by Ricardo Pinto * ''The Chosen'' (Karabel book), a book by Jerome Karabel * ''Chosen'' (Dekker novel), a 2007 novel by Ted Dekker * ''Chosen'' (Cast novel), a novel in the ''House of Night'' fantasy series * ''Chosen'' (Image Comics), a comic book series by Mark Millar Film and television *'' Holocaust 2000'', also released as ''The Chosen'', a 1977 horror film starring Kirk Douglas * ''The Chosen'' (1981 film), a film based on Potok's novel * ''The Chosen'' (2015 film), a film starring YouTube personality Kian Lawley * ''The Chosen'' (2016 film), by Antonio Chavarrías, based on the murder of Leon Trotsky in 1940 * ''The Chosen'' (TV series), by Dallas Jenkins based on the life of Jesus Christ * ''Chosen'' (2016 film), by Jasmin Dizdar, a World War II thriller set in Hungary * ''Chosen'' ( ...
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Namdaemunno
Namdaemunno (), also known as Namdaemun-ro, is a major thoroughfare in the central districts of Seoul, South Korea and a two-way road consisting of 8 lanes. With a 2 km length and a 40~50m width, Namdaemunno originates at Bosingak in Jongno District and terminates at Seoul Station in Jung District. Historical buildings on this street include the Gwangtonggwan, the oldest continuously operating bank building in Korea. It was registered as one of city's protected monuments on March 5, 2001. See also * List of streets in Seoul * Sejongno * Namdaemun References External links Namdaemunnoat the Naver Naver (; stylized as NAVER) is a South Korean online platform operated by the Naver Corporation. The company's products include a search engine, email hosting, blogs, maps, and mobile payment. History Naver was the first Korean web provide ... map {{Seoul Streets in Seoul Neighborhoods of Jung District, Seoul ...
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Russo-Japanese War
The Russo-Japanese War (8 February 1904 – 5 September 1905) was fought between the Russian Empire and the Empire of Japan over rival imperial ambitions in Manchuria and the Korean Empire. The major land battles of the war were fought on the Liaodong Peninsula and near Shenyang, Mukden in Southern Manchuria, with naval battles taking place in the Yellow Sea and the Sea of Japan. Russia had pursued an expansionist policy in Siberia and the Russian Far East, Far East since the reign of Ivan the Terrible in the 16th century. At the end of the First Sino-Japanese War, the Treaty of Shimonoseki of 1895 had ceded the Liaodong Peninsula and Lüshun Port, Port Arthur to Japan before the Triple Intervention, in which Russia, Germany, and France forced Japan to relinquish its claim. Japan feared that Russia would impede its plans to establish a sphere of influence in mainland Asia, especially as Russia built the Trans-Siberian Railway, Trans-Siberian Railroad, began making inroads in K ...
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Yi Un
Yi Un (; 20 October 1897 – 1 May 1970) was the 28th Head of the Korean Imperial House, an Imperial Japanese Army general and the last Imperial Crown Prince of the Korean Empire. Before becoming the heir apparent to Sunjong of Korea, who became the emperor in 1907, Yi Un was known as the title Prince Imperial Yeong (). In 1910, the Korean Empire was annexed by Japan and Emperor Sunjong was forced to abdicate, and Yi Un married Princess Masako of Nashimoto, the eldest daughter of Prince Nashimoto Morimasa, on 28 April 1920 at Tokyo. On 10 June 1926, upon the death of Emperor Sunjong, Yi Un received the late emperor's title, and became the King Yi of Changdeokgung (), which referred to the palace Changdeokgung. He achieved the rank of Lieutenant General in the Imperial Japanese Army, commanded Japanese forces in China and served as a member of the Supreme War Council. After World War II he was refused entry to Korea, and his Japanese titles were removed by article 14 of the ...
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Gabo Reform
The Kabo Reform () describes a series of sweeping reforms suggested to the government of Korea, beginning in 1894 and ending in 1896 during the reign of Gojong of Korea in response to the Donghak Peasant Revolution. Historians debate the degree of Japanese influence in this program, as well as its effect in encouraging modernization. The term ''Kabo'' () comes from the name of the year 1894 in the traditional sexagenary cycle.Kabo Reforms
at Nate Britannica Korea


Background

The disarray and blatant corruption in the Korean government, particularly in the three main areas of revenues – land tax, military service, and the state granary system – weighed heavily on the Korean peasantry. Of special note is the ...
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Nagasaki
, officially , is the capital and the largest Cities of Japan, city of Nagasaki Prefecture on the island of Kyushu in Japan. Founded by the Portuguese, the port of Portuguese_Nagasaki, Nagasaki became the sole Nanban trade, port used for trade with the Portuguese and Dutch during the 16th through 19th centuries. The Hidden Christian Sites in the Nagasaki Region have been recognized and included in the World Heritage Sites in Japan, UNESCO World Heritage Sites list. Part of Nagasaki was home to a major Imperial Japanese Navy base during the First Sino-Japanese War and Russo-Japanese War. Near the end of World War II, the American atomic bombings of Hiroshima and Nagasaki made Nagasaki the second city in the world to experience a nuclear attack. The city was rebuilt. , Nagasaki has an estimated population of 392,281, and a population density of 966 people per km2. The total area is . History Nagasaki as a Jesuit port of call The first recorded contact between Portuguese e ...
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Eighteenth Bank
The Eighteenth National Bank, from 1897 the Eighteenth Bank (, ''Juhachi Ginko''), was a Japanese bank headquartered in Nagasaki. Established in 1877, it was one of the National Banks in Meiji Japan which were numbered by chronological order of establishment. It was notable for its prominent activity in Korea from 1890 to 1936. It was eventually absorbed in 2019 by the Fukuoka Financial Group, following a protracted process initiated in 2016. Overview The 18th National Bank was created in September 1877 in the turbulent context of the Satsuma Rebellion, on the initiative of prominent local merchants including and . The 18th National Bank was the second significant Japanese bank, after the Dai-Ichi Bank of Shibusawa Eiichi, to establish a significant presence in Joseon Dynasty, Korea. It started in 1882 by issuing bills of exchange and making loans to Nagasaki merchants active in the Korea trade. Around the same time, the 102nd National Bank, a small institution that had been f ...
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