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Revisiting the Late-18th Century Economic Activities of Kim Man-duk(金萬德)

  • The Review of Korean History
  • 2017, (125), pp.229-270
  • Publisher : The Historical Society Of Korea
  • Research Area : Humanities > History

Yang Jeong Pil 1

1제주대학교

Accredited

ABSTRACT

Kim Man-duk(1739～1812) was originally a female courtesan in Jeju island. In 1796, great famine struck the island and left many starved to death. Kim Man-duk helped these people by providing vast amounts of rice to the government for free. Impressed by her sacrifice, Jeju governor reported such deed to the court. King Jungjo was also grateful to her, granting any of Kim’s wishes. Kim surprisingly did not ask for status elevation, but merely wished to tour Seoul and Mount. Kumkang, which the king fully accepted. During Kim Man-duk’s visit to Seoul, many court Confucian literati composed writings to praise her charity. Those works still survive to this day to make her a great historical figure. Recenty, Kim Man-duk became a symbolic individual to represent Jeju island and her reputation spread nationwide. Such assessment is indeed justified as proven by her virtuous philanthropy. However, as Kim emerges more into history from myth, her life requires more accurate understanding from the public. Kim Man-duk’s charitable activities and her visit to Seoul and Kumkang mountains demand almost no controversy as they are strongly documented. But the facts of how she acquired her immense wealth or economic operations are still not clear by documents. Lately, a theory that Kim became a peasant at 20 and subsequently was involved in commerce to eventually become a business magnate is widely held. This study therefore has examined whether such understanding corresponds to the contemporary situations. Based on 18th century commercial development of Jeju island, previous opinion that Kim Man-duk became rich because of trade needs much to be reconsidered. During that time, there were ship merchants who did business between Jeju island and mainland and who were mostly of Jeju origin. This fact implies that they led such trade. However, recent study that recognizes Kim Man-duk as the merchant princess insists that she had a joint partnership with mainland merchants. This opinion lacks credibility since it was impossible for Kim to accumulate her riches by transacting with mainland traders when there were very few of them coming to the island. Another common theory that Kim Man-duk was freed of slavery around the age 20 could also be disputed. In order for government courtesans to be released of their status, vast economic costs were needed. Moreover, official records clearly recorded Kim as state-owned courtesan. Hence, aforementioned theory requires further verifications. Then, the question arises as to how Kim Man-duk rose herself to be a business powerwoman in Jeju island. Some clues can be found from the fact that she was a courtesan. A famous courtesan in late Joseon period was able to make a fortune in a short time, thus it could be said that this was the exact route that Kim took to her rise to riches. The new theory raised in this study is quite different from the established one. Although newly suggested theory has few recorded grounds and rather based on the conditions of the time, this study hopes to contribute to the deepening research of Kim Man-duk by approaching it from a fresh perspective.

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