Two-Coin Set to Be Distributed Without Lottery
The Bank of Korea announced on October 1 that, as a result of the purchase reservation process for the "2025 APEC Summit" commemorative coin, the number of single coin reservations exceeded the planned issuance, and thus the coins will be distributed through a random lottery. The two-coin set will be distributed in the quantity requested without a lottery.
According to the Bank of Korea, a total of 11,532 reservations for the "2025 APEC Summit" commemorative coin were received through Korea Minting, Security Printing & ID Card Operating Corporation, NH Nonghyup Bank, and Woori Bank. Considering the planned issuance volume of 14,000 coins, the average competition rate stands at approximately 0.82 to 1.
By sales type, the competition rate for single coins was 1.08 to 1 for Silver Coin I and 1.14 to 1 for Silver Coin II. For the two-coin set, the rate was 0.78 to 1.
Since the number of applications for single coins exceeded the issuance volume, the Bank of Korea will, together with the Korea Minting, Security Printing & ID Card Operating Corporation, conduct a random lottery to determine the recipients. The lottery will take place on October 2, with each coin assigned a unique number and winners drawn at random. The two-coin set will be distributed in the quantity requested without a lottery.
The winners will be announced at 11 a.m. on October 16, and applicants can check the results and the quantity allocated on the respective institution's website. Distribution will begin on October 24.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
