Title : The 50th Anniversary of the Foundation of KOMSEP
Stamp Serial#
2179 
KPC#
C-1672 
MICHEL#
2206 
StanGib#
2523 
Scott#
2062 
Date of Issue
09/28/2001 
Quantity
2,000,000 
Denomination
170 won 
Design
Sangpyeongtongbo and the stamping machine 
Designer
Park, Eun-Kyung 
Image Area
42mm*30mm 
Perforation
13 
Sheet Composition
5*4 
Paper
White unwatermarked
Print
Korea Minting and Security Printing Corporation 
Description
October 1, 2001 marks the 50th anniversary of the founding and launching of minting operations by the Korea Minting & Security Printing Corporation(KOMSEP).

The establishment of a modern minting agency became a crucial priority to meet the sharp increase in the demand for currency following the economic chaos and hefty armament expenditures brought on by the Korean war. KOMSEP was founded on October 1, 1951 by transferring all assets and manpower of the printing plant which had been under the direct control of the Ministry of Finance.

The Korea Minting & Security Printing Corporation, commenced operations with a limited staff and a few sets of outdated printing machinery, but in due course achieved its intial objective of self sufficiency in the supply of currency. KOMSEP engages in advanced research and development of special printing technology including up-to-date forgery prevention and anti-counterfeiting techniques and issues not only bank notes but also checks, stamps, passports and stocks and bonds. It has grown into a public corporation that makes vital contributions to the settlement process in the credit society. Since the 1970's, KOMSEP has been involved in the manufacture and export of foreign currency, thus contributing to the national economy.

Now in its 50th year, KOMSEP is poised to make another quantum leap in line with its aspirations of leading the nation's credit society by serving the needs of the nation and the people and to become a world-class minting and security printing corporation. As part of such efforts, a stamp has been issued in commemoration of the 50th anniversary of KOMSEP under the theme of "Sangpyeongtonbo (the currency of the Joseon period) and the stamping machine".