Abstract
This paper is a research on the prosperity of the trade with China in the 16th century, focusing on domestic commerce and intermediary trade by Joseon merchants.BR In the 16th century, since King Joongjong’s reign, the private trade with China using silver was actively developed by Joseon silver produced in Dancheon and other regions by Joseon merchants. After then, around the last year of King Joongjong’s reign, the large influx of Japanese silver resulted in the prosperity of the trade with China. In the course, sanctions by Chinese government and criticisms by its people upon the private trade accompanied with Sahaeng(使行) grew.BR During this period, the trade with China was grounded on the growth of domestic commerce since the late 15th century. Therefore, not just the import of luxury goods, but also the silk weaving industry using Chinese silk thread, developed in Joseon, and affordable processed ginseng product called Pasam (把蔘) which targeted general public was produced and exported.BR In the 16th century, Joseon merchants were monopolistic in the intermediary trade of the early Japanese silver, Chinese silk fabrics and silk thread. However, after King Myeongjong’s reign, this initiative intermediary trade of Joseon merchants diminished, as the direct trade between China and Japan increased.
Published Version
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