"Is There No Owner for the 100-Don Gold Bracelet Found in the Tunnel?"...Finder Claims Ownership After 6 Months

Discovered in Sapaesan Tunnel, Uijeongbu on December 26 Last Year
Valued at 100 Million Won... Ownership Transfers to Finder After Six Months

A gold bracelet worth approximately 100 million won was found in the Sapaesan Tunnel in Uijeongbu, Gyeonggi Province, and the police are searching for its owner.

Photo by Jinhyung Kang aymsdream@

According to the Uijeongbu Police Station on December 29, a man reported to the police that he had found a gold bracelet in the Sapaesan Tunnel in Uijeongbu City on December 26 of last year.

The bracelet is said to weigh 100 don (375g) of gold. As of this day, its value exceeds 100 million won based on the Korea Exchange price.

The police have checked for any lost property reports to locate the owner of the gold bracelet. However, no related reports have been received so far, and no connection to any crime has been identified.

According to Article 11 of the Enforcement Decree of the Lost Articles Act, if the owner does not claim the lost item within six months of its receipt, ownership is transferred to the finder. If the finder does not retrieve the item or waives ownership within three months after the deadline, it is transferred to the national treasury.

Meanwhile, on January 29 Eastern Time, international gold prices briefly surpassed $5,500 per ounce for the first time in history before retreating. As of around 1:30 p.m. Eastern Time, spot gold was trading at $5,330.20 per ounce, down 1.3% from the previous session.

Gold, considered a safe-haven asset, sees increased demand when geopolitical or market volatility rises. Recently, concerns about the Federal Reserve's independence being undermined and U.S. President Donald Trump's attempt to annex Greenland have fueled worries that trust in dollar-denominated assets could weaken, further driving up gold prices. In addition, heightened geopolitical tensions surrounding Iran, including U.S. demands for Iran to abandon its nuclear development program, have also contributed to the rise in gold prices.