The Korean Minting and Security Printing Corporation, otherwise known as KOMSCO, began operations during the Korean War on October 1, 1951. Their main focus is not only on minting coinage, but also on printing paper money, stamps, and securities. They also produce identification and security products with an emphasis on anti-counterfeiting technology. They are a contract Mint and have produced coinage and other products for over 40 nations.

They established a technologically advanced production facility in Gyeongsan in 1975. They produce circulation coinage, commemorative coinage, medals, cultural artifacts and bullion products, including their .9999 fine gold Orodt bars, both for domestic and international markets.