The Korea Minting Corporation announced on August 7 that it held a meeting in Mapo-gu, Seoul, inviting former CEOs to discuss future development directions.
The meeting included current President Seong Chang-hoon and six former CEOs: Park Won-chul (18th), Lee Hae-sung (19th), Jeon Yong-hak (20th), Yoon Young-dae (21st), Kim Hwa-dong (22nd), and Ban Jang-sik (24th). This gathering was organized to reflect on the management innovations implemented in response to declining currency demand as the company celebrates its 75th anniversary and to discuss a vision for its 80th anniversary.
The Korea Minting Corporation has expanded its business structure from a focus on currency manufacturing to include security products such as passports and gift certificates. Recently, it has also ventured into digital public services, including mobile identification cards and digital local currencies. Thanks to this structural transformation, the company recorded its highest revenue ever at 639.5 billion won last year and received an A grade in the 2025 public institution management evaluation.
The former CEOs recommended that the company expand its digital ID initiatives, such as mobile identification cards, and enhance the competitiveness of digital payment platforms like local love gift certificates and Onnuri gift certificates. They also suggested increasing cultural projects, including artistic coins and currency merchandise, and improving the export competitiveness of high-value products like paper pulp and security ink.
Based on these discussions, they proposed setting ambitious goals of achieving '1 trillion won in sales' and becoming the 'world's first digital mint' by the company's 80th anniversary in 2031.
Seong Chang-hoon stated, "We will thoroughly review the vision of '1 trillion won in sales' and 'world's first digital mint' through internal discussions and expert seminars."
* This article has been translated by AI.
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