The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; ) is a state-owned corporation which is responsible to print and

mint Mint or The Mint may refer to: Plants * Lamiaceae, the mint family ** ''Mentha'', the genus of plants commonly known as "mint" Coins and collectibles * Mint (facility), a facility for manufacturing coins * Mint condition, a state of like-new ...

the

banknotes A banknote or bank notealso called a bill (North American English) or simply a noteis a type of paper money that is made and distributed ("issued") by a bank of issue, payable to the bearer on demand. Banknotes were originally issued by commer ...

and

coins A coin is a small object, usually round and flat, used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to facilitate trade. They are most often issued by ...

and other

government A government is the system or group of people governing an organized community, generally a State (polity), state. In the case of its broad associative definition, government normally consists of legislature, executive (government), execu ...

document A document is a writing, written, drawing, drawn, presented, or memorialized representation of thought, often the manifestation of nonfiction, non-fictional, as well as fictional, content. The word originates from the Latin ', which denotes ...

s. Its

headquarters Headquarters (often referred to as HQ) notes the location where most or all of the important functions of an organization are coordinated. The term is used in a wide variety of situations, including private sector corporations, non-profits, mil ...

are located in

Daejeon, South Korea Daejeon (; ) is South Korea's fifth-largest metropolis, with a population of nearly 1.5 million. Located in a central lowland valley between the Sobaek Mountains and the Geum River, the city is known both as a technology and research cente ...

. The Korea Minting and Security Printing Corporation (KOMSCO) is responsible for the production and distribution of various security products in South Korea. Among its primary outputs are banknotes, checks, stamps, securities, bonds, and gift certificates. KOMSCO supplies these items to several key institutions and entities within the country, including the Bank of Korea, the Ministry of Economy and Finance, the Korea Federation of Banks, and the Korea Post. Additionally, it serves major distribution conglomerates such as Shinsegae, NongHyup, KEB Hana Bank, Dong-A Pharmaceutical, Homeplus, and GS latex , ensuring a wide-reaching impact on the nation's financial and security printing industry. The Korea Minting and Security Printing Corporation (KOMSCO) also plays a significant role in the production and supply of coins and specialized security products. This includes the manufacturing of circulation coins, commemorative coins, medals, various precious metal products, and decorations. These items are supplied to several important institutions such as the Bank of Korea, the Ministry of the Interior and Safety, major corporations, and leading universities. Medals and decorations are produced at the Currency Headquarters located in Gyeongsan. KOMSCO manufactures and supplies the government with twelve types of decorations, including the prestigious Order of the Mugunghwa. In the field of medals, KOMSCO has produced a variety of commemorative medals for the government, including Olympic medals, as well as promotional medals, art medals, long service medals, and replicas of cultural heritage items.

Products

The main job of KOMSCO is

printing Printing is a process for mass reproducing text and images using a master form or template. The earliest non-paper products involving printing include cylinder seals and objects such as the Cyrus Cylinder and the Cylinders of Nabonidus. The ...

and minting the South Korean

currency A currency is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific envi ...

. Currently the 1000, 5000, 10,000, 50,000 KRW banknotes and the 1, 5, 10, 50, 100, 500 KRW coins are minted and printed by the currency plant of KOMSCO. Also, they produce all South Korean

cheques A cheque (or check in American English) is a document that orders a bank, building society, or credit union, to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing ...

, stamps, and

passports A passport is an official travel document issued by a government that certifies a person's identity and nationality for international travel. A passport allows its bearer to enter and temporarily reside in a foreign country, access local aid ...

. KOMSCO currently produces four

bullion Bullion is non-ferrous metal that has been refined to a high standard of elemental purity. The term is ordinarily applied to bulk metal used in the production of coins and especially to precious metals such as gold and silver. It comes from ...

coin series;

Komsco Tiger series The Korea Minting, Security Printing and ID Card Operating Corporation (KOMSCO; ) is a state-owned corporation which is responsible to print and mint (coin), mint the banknotes and coins and other government documents. Its headquarters are loca ...

, Chiwoo Cheonwang, Zi:Sin, and the K Series.

References

External links

*
KOMSCO official site
Finance in South Korea Government-owned companies of South Korea Mints (currency) Banknote printing companies South Korean companies established in 1951 Manufacturing companies established in 1951 Companies based in Daejeon Currencies of South Korea {{SouthKorea-stub