Abstract

This paper aims to refocus on the contents of Factor in the late Joseon Dynasty, which were intensively reviewed and highlighted in ‘Modern Joseon Economic History’. Focusing on the pioneering perception of Choi Ho-chin, who pioneered the existence and historicity of Factor, the primary interest of this paper is to raise the issues for future work.<BR> While showing his immersion in the theory of Oriental and Asiatic stagnancy, Choi Ho-chin’s academic contribution is unprecedented in that he commerce and Finance as the two central axes of the modern transformation, and pioneered to introduce and identify the concept of ‘sprout’ in the late Joseon period.<BR> The understanding of commercial distribution centering on Factor could be considered as an empirical study as it was based on a wide range of data, collected from documents of the Imperal Japan to Westerners’ diaries. Yet, the Factor-centered commerce distribution or the documents on the realities of Factor were later dismissed and disappeared.<BR> Despite of his outstanding scholarly achievement in 1942, just shy of being in this thirties, Choi Ho-chin almost disregarded his previous studies after the 8・15 Liberation. in which the condition to study was far more open. In this regard, the sprout possibility of Kaek-ju and Yeo-gak that Choi Ho-chin pioneered was discontinued and left unattended. It is hoped that such studies could continue continue today.

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