Written by 11:11 AM Economics

Now it’s possible to make ’10 won bread’… Bank of Korea allows the use of currency design for commercial purposes.

“Being flexible if it is deemed that it is not related to trust, dignity, or alteration.”,


A ten-won bread shop in Seoul in June last year. News1,
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, The Bank of Korea decided to allow the use of money designs for profit-making purposes like ‘ten-won bread’., ‘ However, it is strictly regulated to prevent inappropriate use beyond socially acceptable limits.’,
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, “The Bank of Korea announced on the 29th that it has revised the ‘Standards for the Use of Bank of Korea Notes and Coins Designs’. The revised standards will take effect from the 1st of next month. It was explained that the profit-making use of money designs is allowed for ‘promoting creative economic activities by the public and supporting grassroots economic revitalization’. A BOK official “, “There was a discussion that some flexibility should be shown in the use of designs that have no relation to alteration, dignity, or trust”, ‘,” he added.’,
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, ‘Until now, the BOK has prohibited the profit-making use of designs due to concerns that misuse of design could fuel alteration anxieties and undermine the dignity and trustworthiness of the money. However, there was controversy last year over whether the BOK was excessively strict in its criteria, especially following Japan’s assessment that there were no issues with Japan’s “ten-yen bread” which was inspired by the ten-won bread.’,
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Standards for the use of money designs. Provided by the Bank of Korea,
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, ‘The ten-won bread incident last year was concluded with the company accepting the revised design presented by the BOK. However, starting from next month when the revised standards are applied, bread can be made without the need for design modifications.’, However, separating the figures inside the currency or altering the figures is not allowed., ‘ This is because it could infringe on the moral rights of portrait artists’, 1, ‘.”‘, Also, it is prohibited to depict elements of obscenity, violence, gambling, or hatred, or use them inappropriately beyond socially acceptable limits.,
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, “Currently, the standards, which were divided by type of use (money counterfeits, printed illustrations, electronic illustrations), have been simplified to ‘counterfeits’ and ‘general design use’, and”, counterfeits that pose a risk of being exploited for counterfeiting are strictly managed., ‘ New standards for counterfeit coin specifications are also being introduced. Counterfeit coins must maintain a horizontal and vertical scale within 200% to 50% of the original specifications, while counterfeit currency coins should be within 150% to 75% of the original specifications. Different materials should be used to make them easily distinguishable.’,
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1 Moral rights
The copyright of the designs on banknotes is held by the Bank of Korea, but the moral rights of the figures depicted on the currency belong to the creator (artist). Copyright is broadly divided into moral rights and economic rights, with moral rights being ‘exclusive rights tied to the author’ that cannot be transferred to others. Moral rights include the right of disclosure, right of attribution, and right of integrity, while economic rights are divided into reproduction, performance, broadcasting, display, distribution, rental, and derivative rights.

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