Korea, or Ch’ao Hsien, has been ruled by kings of the present dynasty since 1392. The monarchy is hereditary, and though some modifications in a constitutional direction were made during the recent period of Japanese ascendency, the sovereign is still practically absolute, his edicts, as in China, constituting law. The suzerainty of China, recognized since very remote days, was personally renounced by the king at the altar of the Spirits of the Land in January, 1895, and the complete independence of Korea was acknowledged by China in the treaty of peace signed at Shimonoseki in May of the same year. There is a Council of State composed of a chancellor, five councillors, six ministers, and a chief secretary. The decree of September, 1896, which constitutes this body, announces the king’s absolutism in plain terms in the preamble.
There are nine ministers—the Prime Minister, Minister of the Royal Household, of Finance, of Home Affairs, Foreign Affairs, War, Justice, Agriculture, and Education, but the royal will (or whim) overrides their individual or collective decisions.
The Korean army consists of 4,800 men in Seoul, drilled by Russians, and 1,200 in the provinces; the navy, of two small merchant steamers.
Korea is divided into 13 provinces and 360 magisterial districts.
The revenue, which is amply sufficient for all legitimate expenses, is derived from Customs’ duties, under the able and honest management of officers lent by the Chinese Imperial Maritime Customs: a land tax of $6 on every fertile kyel (a fertile kyel being estimated at about 6¹⁄₃ acres), and $5 on every mountain kyel; a household tax of 60 cents per house, houses in the capital enjoying immunity; and a heavy excise duty of $16 per cattie on manufactured ginseng.
Up to 1876 Korea successfully preserved her isolation, and repelled with violence any attempt to encroach upon it. In that year Japan forced a treaty upon her, and in 1882 China followed with “Trade and Frontier Regulations.” The United States negotiated a treaty in 1882, Great Britain and Germany in 1884, Russia and Italy in 1886, and Austria in 1892, in all which, though under Chinese suzerainty, Korea was treated with as an independent state. By these treaties, Seoul and the ports of Chemulpo (Jenchuan), Fusan, and Wön-san (Gen-san) were opened to foreign commerce, and this year (1897) Mok-po and Chinnam-po have been added to the list.
After the treaties were signed, a swarm of foreign representatives settled down upon the capital, where three of them are housed in handsome and conspicuous foreign buildings. The British Minister at Peking is accredited also to the Korean Court, and Britain has a resident Consul-General. Japan, Russia, and America are represented by Ministers, France by a Chargé d’Affaires, and Germany by a Consul. China, which has been tardy in entering upon diplomatic relations with Korea since the war, placed her subjects under the protection of the British Consul-General.
Until recently, the coinage of Korea consisted of debased copper cash, 500 to the dollar, a great check on business transactions; but a new fractional coinage, of which the unit is a 20-cent piece, has been put into circulation, along with 5-cent nickel, 5-cash copper, and 1-cash brass pieces. The fine Japanese yen or dollar is now current everywhere. The Dai Ichi Gingo and Fifty-eighth Banks of Japan afford banking facilities in Seoul and the open ports.
In the treaty ports of Fusan, Wön-san, and Chemulpo, there were in January, 1897, 11,318 foreign residents and 266 foreign business firms. The Japanese residents numbered 10,711, and their firms 230. The great majority of the American and French residents are missionaries, and the most conspicuous objects in Seoul are the Roman Cathedral and the American Methodist Episcopal Church. The number of British subjects in Korea in January, 1897, was 65, and an agency of a British firm in Nagasaki has recently been opened at Chemulpo. The approximate number of Chinese in Korea at the same time was 2,500, divided chiefly between Seoul and Chemulpo. There is a newly-instituted postal system for the interior, with postage stamps of four denominations, and a telegraph system, Seoul being now in communication with all parts of the world.
The roads are infamous, and even the main roads are rarely more than rough bridle tracks. Goods are carried everywhere on the backs of men, bulls, and ponies, but a railroad from Chemulpo to Seoul, constructed by an American concessionaire, is actually to be opened shortly.