fusan

name

1. (obsolete)Busan

   “In April of 1898 the Russo-Korean Bank closed its doors, the Russian Financial Adviser left, the military instructors packed their bags, and the Russian Legation finally dispensed with its formidable marine guard. The visit of Baron Shibusawa to Seoul was shortly followed by the granting of a concession to a Japanese Syndicate for the building of a railway to connect Seoul with Fusan, and Japanese trade and industry now showed a marked increase.”

   “The Dai Ichi Ginko of Japan had a branch in Fusan (釜山) as early as 1878, and was no doubt the first real banking institution ever to do business in the Peninsula.”

   “This was not a new idea in the East. The Koreans had long confined the Japanese traders to the port of Fusan, and when the Japanese entered upon their period of seclusion both Dutch and Chinese traders were restricted to the single port of Nagasaki.”