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.
(责任编辑:건강)
- 김성원 여의도연구원장 "공천장사 지라시, 허위사실 유포로 고소"
- [HIT Forum] Innospace champions small satellite renaissance
- HD Hyundai Shipbuilding invests $47m in Estonian fuel cell for green maritime energy
- [HIT Forum] Sci
- [Korea Beyond Korea] In Paris, soaring demand for Korean studies yet to be fully met
- P&G Korea launches premium diaper to combat skin dryness
- [HIT Forum] Korea's only astronaut highlights humanity's connection with universe
- Viviz to drop 4th EP ‘Versus’ next month
- [Top Envoy] Russian satellite help not likely priority for North Korea: Chun
- More webtoon
- [HIT Forum] Sci
- Trend forecaster Kim Ran
- 163 S. Koreans arrive home from Israel on military aircraft
- Samsung Electronics forecasts Q3 rebound
- Biden says Hamas must be eliminated, US officials warn war could escalate
- 218 Koreans head home from Israel: Foreign Ministry
- Trend forecaster Kim Ran
- 강서구청장 12시 투표율 11.4%…직전 지선보다 2.9%p 낮아
- Welcome Daehakro Festival lights up Seoul's stage hub
- Opposition calls for Yoon's overhaul of Cabinet after by