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PAGE10
SEPTEMBER1,2003
THEORY & CRITIQUE
http://maincc.hufs.ac.kr/~theargus
InsideMuseum-IntroducingtheBankofKoreaMuseumoncurrencyandeconomy
Rediscovercurrencyinthemuseum
Searchingfornewtrend
¡°
I
have never seen most of the items
distinguish counterfeits from real money.
This column is to grow the basic
here before,¡± quotes Mi Jin-yoon of
This provides simple but interesting
knowledges of students in the
Dankook University. ¡°I was able to refresh
equipments we can try out to identify,
economicdivision
...Ed.
mythoughtsaboutmoney,thatIshouldnot
whetherthemoneyyouholdinyourwallet
justuseit,butuseittherightway.¡±
isspuriousornot.
K
TheformermainbuildingoftheBankof
If you want to learn about the economy
orean economy seemed like facing a
Korea is now full of children, students and
and want to know what the prices and
long term slump and most Koreans
adults with their curious eyes fixed on the
moneyratesare,thethirdsectionwillguide
experiencedfrustrationjustaftertherapidly
brightlyshinningsymbolofwealth.Founded
you. In this section, you can find short
growing economy in November 17, 1997.
in June 2001 by the Bank of Korea,
illustrationsoneconomicterms,gamesanda
Manythingsincludingsomewhattraditional
everything about money, from a small
large screen showing video presentations
stuffs such as the role of a strong nation,
seashellusedagesagotothelatestelectronic
aboutthenation¡¯seconomy,forinstance,the
existence of phoenix chaebol, the power of
cash, is all here in the Bank of Korea
Price stability simulation and the Inflation
money and the other values that had given
KimMarn-in
Museum.
perceptions,ConsumerPriceIndexgame.
energy to resourceless economy had to be
The museum is divided into 4 sections.
The last section of the museum is called
changed. Kosdaq attracted both domestic
ThefirstsectionisabouttheBankofKorea,
theCurrencyExhibitionHall.Thiszoneisin
and foreign investors due to the strong will
visible inertia. After solving serious
exhibitingdataontheirhistoryandthework
fact the core of the museum, displaying
of government to boom up IT industry and
problems, however, mild atmospheres
theyhavedoneastheCentralBank.
thousands of currency from all around the
venture enterprises. In spite of successful
broughtupaftermathtroubles.Peoplerushed
Thesecondsectionshowsthelifecycleof
globe. The visitors can discover types of
recovery,itstillhasseriousproblems.
outtothestreetandclaimeda¡°largerpiece
money.Whenyouentertheexhibitionroom
currency they have never seen before.
Leading power of global economy found
of pie¡±. Inexperienced new government
OhSae-hoon/TheArgus
the thin cotton threads which are displayed
Polygoncoinswithmultiplesidescanbean
itself to sew up its slash finally at the
facultiesbarelybegantofindthecoreofthe
AvisitorislookingaroundtheCurrencyExhibitionHall.
on your left will be the first item you can
example;bystudyingittheyareabletonot
beginning of the 1990s. Since Industrial
issues right after several strikes. Since the
startontotracethecirculation.Theyarethe
only learn about a nation¡¯s economic
revolution, many countries had to suffer
newparadigmmadealargegapbetweenthe
very initial ingredients that form paper
developmentandsituation,butalsofindout
of Korea Museum is that it arranged
ripped or fainted bank notes sums up to
from extreme supply which caused serious
richandthepoor,thepublicopinionwillbe
money.Asyougothroughthedisplays,you
abouttheircultureandphilosophy.
numerousscreens,devicesandgameswhich
760,000,000 won, which is 30 times the
economic depression at the end of
gettingworseforthetimebeing.Infact,the
canseehownewlyissuedbillsgetusedand
In this section, the museum also holds
enablesitsvisitorstotakepositiveattitudein
height of Mt. Baekdu. After IMF, the
revolution.Manycasesshowedtheycreated
mainstreamofKoreanrecoverywasdueto
finishtheirlivesbybeingpunchedabighole
special exhibitions like the Euro exhibition.
appreciating the exhibition, instead of just
people¡¯sinterestinmoneyandeconomyhas
huge demands when a few clustered
thefastgrowingexportbyKoreancurrency
inthemiddleoftheirbodies.However,this
They are holding the byuljeon exhibition
looking through the window cases. As a
risen,butnotmanythinkaboutthecurrency
countrieswerereachedatapointofextreme
valuedown.MajorKoreanfirmshavemade
is not actually the end. After disposal, they
now,fromJune12,2003toNov.9,2003.By
result, the visitants can approach the
itself. By visiting the Bank of Korea
demand by breaking out the war. After
huge profits to distribute to people. People
get shredded and recycled into construction
ulgeonisatypeofanoldcoin,madebesides
information more easily and in the same
Museum,youwillbeabletorediscoverthe
World War II, superior industrialized
could not find proper object to invest.
materials.Youcanalsosightinstrumentsto
thecurrenciesweuseineverydaylife.
timeenjoythemselves.
value of money and renew your attitude
countrieshadtoallowsomeAsiancountries
Interest rate has been decreasing and stock
produce coins, such as working dies and
Byulgeon was made to commemorate the
Ontheotherhand,itwasashamethatthe
towardsit.
to be newly industrialized. They penetrated
market looked to have no chance for
originaldies,bothusedtostamppatternson
special occasions of the royal family or the
explanation diagrams on the third section
intoU.S.marketwithlowpricethatboostup
common Korean people. Moreover, the
themoney.
constructionofacitadel.Byulgeonwasalso
were not specific enough to satisfy older
foreign deficits and unemployment rate.
former government attracted the people to
Ontheothersideofthesection,aparton
asampletopresumethetypeandweightof
audiences. It seemed that the museum was
Losing absolute global power, U.S.
use credit card to boom up the domestic
howweshouldusecurrency,thereareglass
copper before they minted the coins. This
focusing on children who are the main
economyseemedlikestandinginfrontofa
market. Huge surplus fund in open market
frames with damaged notes displayed in
old coin has designs of animals or Chinese
customersduringthevacationtime.
bluff. Before long enough, U.S. economy
lostthewaytobeinvested.Thepriceofthe
them. In the same part they also inform us
characters that represent good fortune such
In Korea, the life cycle of currency is
has overcome economic crisis with digital
real estate climbed up sharply for the last
ByLeeHyae-myung
about handling forged notes by explaining
asfertilityandlongevity.
relatively shorter than the one in advanced
revolution. The right understanding of
two years and individual debt grew up
ReporterofTheory&CritiqueSection
the devices on the bill that can help us
The noticeable characteristic of the Bank
countries. The annual disposal amount of
knowledge business and globalizing trends
tremendously.
have to come up with digital revolution.
Ittookatleastadecadetosearchandfind
MostU.S.scholarsandelitegroupgathered
torecovertheeconomyintheU.S.Besides
theirheadstoovercometheurgentsituation
Koreaneconomyfollowedtheirwayeasily.
andfoundnewparadigmtoshiftoldmarket
Korean economy might lose its balance
toanewone.
unlessitfindsitselftocreateitsownwayto
Thecommonrulesworkedatthebottom
lead global market for the next period.
¡°Growyoureconomicsenses¡±
ofnewwavewereoriginatedfromtheU.S.
Attemptingtocombineeast-westknowledge
way. Ministers of the former Kim
orleadingthebiosciencemarketmightgive
government easily followed the American
opportunities.
OhSae-hoon/TheArgus
existed in the name of the Bank of Chosun
beautifulitemofKorea.
P:People¡¯sthoughtstendstobematerial
methodologyinthenameofbenchmarking.
whenKoreawasundertheJapaneseruling.
and economical these days. Therefore, they
Obviously overall policy of them could be
Most items are the possessions of the bank
R:Howdoyouthinkthecurrenciesare
usually think that money is all that matters.
forecastedwithouthighsenseofeconomics.
ThewriterisalectureroftheDepartment
from then on. The currencies of foreign
changing?
Since they don¡¯t have proper concept on
Widely spreaded threat perception had
ofBusinessAdministration
countries are from the exchanges of money
P:Astheworldchangesintoinformation-
how economic cycle works, they are prone
stubborn Koreans accept changes without
between the Bank of Korea and the central
based, globalized place, the currencies are
tospendthemoneymindlessly.Theyusually
banksaroundtheworld.
gettingsimpler.Itsvalueseemstofaint,not
earn their money easily through part-time
H e a l t h
F a c t o r y
money as a matter, but a symbol. Since IT
jobsandspenditmorecarelessly.
R : The museum has been holding
was introduced, cards and electronic cash
various special exhibitions, such as the
appeared,performingnotjustasmoneybut
R:Whatadviceswouldyouliketogive
Euro exhibition and exhibition on
numerous other functions. They also
tothestudents?
Quenchingthirstwithions
commemorative coins about sports. Do
disappear or people use it more due to the
P : You should grow your economic
you have any particular standards for
economic situations. For example 1 won
senses.Notonlystudyitasascholarbutalso
holdingthesekindsofexhibitions?
coins have vanished, and on the other hand
applyitonreallifesuchasinvestingmoney.
PaikNam-joo
P:TheEuroexhibitionwasheldwhenthe
theuseof10000wonbillshaveincreased.It
It is important to sharpen your economic
ThecuratoroftheBankofKoreaMuseum
use of Euro was just beginning. The sports
isashamethatthediversityanduniqueness
skills.
OhSae-hoon/TheArgus
commemorative coins were chosen, since
of currency disappears since the unification
This column will inform you
R
eporter : There are a lot of rare
theWorldCup2002.Weusuallyplanitby
ofmoney,suchastheappearanceofEuro.
with simple but practical facts to
items such as exotic or ancient
events or changes in world¡¯s currency. We
guide you in your everyday health
currencies in the museum. How do you
decided to exhibit byulgeon this time
R:Whatdoyouthinkaboutthemoney
life
...Ed.
ByLeeHyae-myung
managetocollectthem?
regarding to the fact that we are a museum
value in present and the recognition of
ReporterofTheory&CritiqueSection
Paik Nam-joo : The Bank of Korea has
oncurrency,andtoinformpeopleaboutthis
universitystudentsaboutmoney?
T
he bright colors of red, blue and
green, sweet yet refreshing, these
colorfuldrinkstempttheconsumers.The
dynamic advertisements on television
showing well-known sports players
drinking the bottled liquid makes us feel
essentialandhandy.
IsMarxismstillacceptabletoday?
as if these drinks will save us from our
On the other hand, if someone did a
thirstandfatigue.Thatisthefixedimage
light exercise, or is just carrying out a
mostpeoplehaveforionicdrinks.
normaldailylife,thewaterandinorganic
However, what practical help does the
substanceslostareverysmallquantity.It
W
hat do you think of Marxism? Is it
About500peoplefilledtheauditoriumto
choicewillremaininevitable.¡±
sciencewemusthavesomethingelsesuchas
ionicdrinkgiveus?About70percentof
can be replaced naturally by drinking
still valid today in the modern
listencloselytothelecture.
The lecturer spoke for about an hour,
shelter, food, and clothes. These are the
thehumanbodyisfilledwithwater,and
cleanwaterandeatingdailymeals.Inthis
capitalistworld?
The lecturer was Choi Il-boong from the
telling more about how Marxism and
fundamental things we should have before
evenwhenonly1percentto2percentof
case,evenifyoudrinkionicdrinks,itwill
Well, the answers were out in the lecture
¡°Alltogether¡±editorialteamwhoalsoplaysa
capitalism are close together, and also the
paying attention to other things mentioned
water is lost, we suffer from extreme
result the same effect the plain water
thatwasgivenatKoreaUniversity.
roleasaInternationalcontactingmanager.
rightwayforprogressismandconservatism
above. Like this Marxism should exist for
thirst. Futhermore, if 5 percent is lost,
does.Thismeansthatitwouldbebetterto
A lecture on ¡°Is Marxism still valid
Choi started out with summarizing the
topursue.Hespokehisfullopiniononthese
thissimplereason.Marxsimisawholeofa
people will fall in to a half coma state.
drinkacupofcoldwatertoquenchyour
today?¡±washeldasoneoftheseminarsthat
birthoftheMarxismandit¡¯sneeds.Hetold
matters.
society,notjusteconomics.¡±
Thatiswhyitisessentialtoprovideour
thirst.
wereintroducedinthe2ndMonthlyForum
that Marxism was a transformation of
After the lecture was done, there were
The seminar concluded with responses
bodywithplentyofwater.
Thesedrinksarealsoknowntocontain
ofSocialSolidarityinAsia(SSIA),whichis
socialism.
manyquestionsraisedandrequeststospeak.
from Choi to the questions. Choi made his
Throughout history people have
Mono Sodium Glutamate (MSG), a
sponsored by the civic group ¡°Alltogether.¡±
He didn¡¯t leave out his opinion on
KevinOvenden,theEnglishanti-waraction
lastcomment,¡°Marxdevotedhislifeforthe
inventedmanydelightfulkindsofdrinks,
substance that is well-known for being
The lecture was held at Korea University¡¯s
capitalism and said, ¡°America¡¯s choice in
member,whoalsogavelecturesthroughout
victory of the labor class. We should try
suchasfruitjuiceorsoftdrinkstosatisfy
included in Miwon, which can cause
Science library in the science department
pickingcapitalismwasinevitableatthetime.
the SSIA expressed his thoughts on
hard,too.¡±
bothourtongueandbody.Nowadays,the
diabetes when over taken. However the
campusfrom5:30pmto7pm.
As long as world capitalism keeps on, the
Marxism;¡°Beforewehaveart,culture,and
ByOhSae-hoon/TheArgus
ionicdrink,socalledthesportsdrinks,are
Dong-a Otsuka co., who produces the
gainingpopularityaroundpeople.
famousionicdrinkPocariSweat,asserted
The ionic drinks are made to help
thattheymayhaveMSGincludedbutnot
ExtraordinaryWorldNatureExpeditionheldinDaejeonExpoPark
peoplereplacethewaterandbalancethe
to worry, since the drink is formulated
minerals lost during strenuous activities.
properly.However,youshouldbeaware
Their electrolyte formation matchs
of the fact that it does contain the
T
he Extraordinary World Nature
much awe. Also there were half-moon cub
monuments aren¡¯t easily seen outside our
abouttheentrancefeetheyhadtopayagain
closely to the formation of human body
substance.
Expedition is now on feature at the
bears, and even baby wild boars. As for
nature. So I think this room gave good
to get into the exhibition. The people had
fluid, enabling it to be absorbed faster
It is your choice to choose what you
Daejeon Science Expo Park in the IMAX
rodents, various kinds were displayed those
information on something that we couldn¡¯t
alreadypaidentrancefeestogetonthepark.
thanotherdrinks.
wishtodrink.Evensoitwouldbemuch
Dome special exhibition room. The event
whichpeoplehaveneverseenbefore.Oneof
see easily for real.¡± said a staff member of
Howeverthereweremanypositiveopinions
Nevertheless,itdoesnotmeanthatthe
wiser if you choose it on the right
washeldsinceJuly26andendsonOctober
the elementary school students at the
theexhibition.
that the volunteer workers were very nice
ionic drinks are the ideal beverage.
situation, and enjoy the full effects of
19.
exhibition said, ¡°The rodents are a little bit
Otherthanthesetworooms,theexhibition
and that they did a very good job. One
Imagine a person who went through a
thesedrinks.
The exhibition consists of two big parts,
disgusting.ButIthinkit¡¯scooltoseethem.¡±
also included live insects, rodents, reptilias.
student from Choongnam university said
tough game of basketball for more than
the reptilia, birds, rodents Expedition room
In the second big part, the Natural
Even live amazon turtles, king snakes and
¡°The good thing about this exhibition were
an hour, or several kilometers of hard
and the Natural Monument room. The two
Monument room, many natural monuments
few more snakes from all over the world
the hard working volunteers. The staff
running.Heorshemusthavelostalotof
roomswerethemainprograms.
that are under protection in the real nature
were displayed. These rare reptiles were
employees should do a better job.¡±
water and mineral during this process.
ByLeeHyae-myung
Inthefirstroomtherewereover50kinds
were revealed for example a Korean
broughtinspeciallyfortheexhibition.
Neverthelesstheexhibitionwasagoodtime
Thepersonwillneedaquickrecharge.In
ReporterofTheory&CritiqueSection
of birds which people have seen mostly for
woodpecker, black faced spoonbill, long-
Although there were many things to see,
tostudymanytypesofnaturalcreatures.
this case, the ionic drinks may come
the first time, and they enjoyed them with
horned beetle and so on. ¡°These natural
the visitors at the exhibition complained
ByOhSae-hoon/TheArgus

10ÆäÀÌÁö º»¹®³¡



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