In recent years, Korea's cultural products have taken the world by storm, from K-pop to K-drama. Now, an unexpected part of K-content is causing a stir—‘10-won bread.’ The bread, which closely mimics the design of Korea’s 10-won coin, has sparked significant debate, particularly regarding the legalities surrounding the commercial use of currency designs. This blog post will dive into the legal and cultural aspects of this phenomenon and explore how Korea’s rich history is impacting its present.
The '10-won bread' gained popularity in Gyeongju, a city rich in history and culture. The bread features the design of the 10-won coin, including the iconic Dabotap Pagoda. As it gained fame, even expanding into franchise businesses, it inevitably attracted the attention of the Korean central bank, the Bank of Korea (BOK).
Historically, the BOK has tightly regulated the use of currency designs for commercial purposes. When they saw the 10-won bread becoming a commercial sensation, the bank stepped in, stating that the use of currency designs for profit was illegal without their explicit approval. This led to a significant debate: should cultural products, even if commercially successful, be allowed to use national symbols like currency designs freely?
The debate is not just about bread; it touches on several critical aspects of intellectual property, economics, and cultural heritage.
As the debate unfolded, many drew comparisons between Korea and other countries. For example, Japan, in a similar case, allowed the production of ‘10-yen bread,’ noting that no one would mistake bread for real currency. This more relaxed approach to currency design usage in Japan led to criticisms of the BOK's more stringent policies.
Facing growing public pressure, the Bank of Korea revisited its policies. In a landmark move, the bank announced that, as of next month, they would allow the commercial use of currency designs under certain conditions. These conditions include:
This new policy signals a shift toward greater flexibility, allowing for more creative uses of national symbols while still maintaining a degree of oversight to protect the integrity of the currency.
The '10-won bread' is a great example of how cultural products can become economic assets. Here are some of the benefits these products bring:
While the BOK's new policy marks a significant step forward, challenges remain. First, how can Korea balance the need to protect its national symbols while allowing for creative and commercial freedom? Second, how do you ensure that businesses respect the cultural significance of these symbols without exploiting them for profit?
These are questions Korea will have to navigate as it continues to expand its cultural influence. As the '10-won bread' shows, even the smallest symbols—like a coin—carry immense cultural weight.
The '10-won bread' is more than just a local delicacy; it is a symbol of the tension between tradition and modernization. It also reflects Korea’s growing global cultural influence, showing that even something as simple as bread can become part of the K-content wave. As the country continues to refine its policies on intellectual property and commercial use of cultural symbols, products like '10-won bread' may pave the way for a new era of creative economic growth.