Poongsan Hwadong, which was established on March 27 in 1972, was merged into Poongsan group in January 2012. It has been supplying the coins and bank notes in Korea. Since Poongsan Hwadong was appointed as a distributor of commemorative coins for the 1988 Seoul Olympic Games, as the authorized dealer of more than 20 major WorldMint Bureaus, it has been exclusively distributing commemorative coins for Olympic Games, FIFA World Cups and many other major events of the world in Korea, solidifying its position in coin market.