South Korea celebrated Hangul Day on October 9. For many in Korea, this day served as a much welcomed start to a long weekend. However, Hangul Day actually celebrates a pivotal accomplishment in the history of Korea, which was the development of Hangul – the “Script of Korea.”​

Hangul was created in the mid-15^th century by King Sejong and the scholars of Jip-Hyun-Jeon, otherwise known as the Hall of Worthies. The creation of Hangul was borne out of King Sejong’s recognition that the existing form of written communication, Hanja (Chinese characters), was too complicated and thus rendered those with limited access to education illiterate. King Sejong recognized that democratizing the language through a more simple, phonetic characters would allow the common people to better understand laws and to create opportunities.

 

The Cover Story for this month is 'Huawei Sanctions Status by the US and Reorganization of the semiconductor memory market'. FTA News covers ’India strengthens FTA origin management Effective from September 21’, and Inside Vietnam reports ‘Customs clearance procedures and tariffs when a processing company entrusts outsourcing processing’. In addition, the Updates in Customs and Trade Related Laws is ‘Partial Revision of Operation Instructions on Safety Management of electrical and household goods‘, and the Customs Case Study is ‘Whether the judgment made in criminal cases in accordance with the trial procedure can be considered as the reason for a late request for correction under Article 34-3 (3) of the Customs Act’.

 

King Sejong’s accomplishments during his reign of 32 years went far beyond the Hangul writing system. He is also credited with expanding Korea’s territory to the north and strengthening the south, all while maintaining stable relations with neighboring countries. Sejong also led a period of great scientific and technological advancement in Korea.

 

In the “Dictionary of History of Science and Technology” published in Japan, 21 out of 44 major achievements worldwide in the 15^th century were developed in Korea.* Some of King Sejong’s notable technological achievements include the astronomical calendar and the medical encyclopedia – developments, when combined with Hangul, gave much broader opportunity for his people. King Sejong’s belief was based on a clear vision that ‘Since the people are the foundation of a country, only when the foundation is strong can the country be peaceful.' Sejong, who believe that his people had been entrusted upon him by heaven, wanted to rule the nation together with his people.

 

In a time filled with tumult and uncertainty, the compassion of leaders is all the more important. French scholar Jacques Atali suggests ‘altruism’ as a solution to the COVID-19 crisis**. He says we should get out of the extreme egoism of self-centeredness. We must give up ‘self-love’ and instead embrace a heart for others through our words and actions. This kind of world worth living in is the world King Sejong dreamed of.

 

*Park Hyun-mo. 2014. 『If Sejong 』. Midas Books

**Jacques Attali. Reporter Lee Min-jung. 2020. 「'The World Changed by the Covid'」.

 

 

 

 

 

- Contents -

 

▶ Where Is Grace Chang?

King Sejong - ‘With the People’ Leadership

 

▶ Cover Story

Huawei Sanctions Status by the US and Reorganization

of the semiconductor memory market

 

▶ FTA News

India strengthens FTA origin management Effective from September 21

 

▶ Inside Vietnam

Customs clearance procedures and tariffs

when a processing company entrusts outsourcing processing

 

▶ Customs Trade Related Law Changes

Partial Revision of Operation Instructions on Safety Management

of electrical and household goods

 

▶ Customs Case

Whether the judgment made in criminal cases in accordance

with the trial procedure can be considered as the reason

for a late request for correction under Article 34-3 (3) of the Customs Act

 

 

 

 

 

[SHINHAN Zoom In Trade OCT]

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