Golden chance to liquidate babies’ gold rings?

The Korea Herald

Lean Right

Mixed Factuality

Golden chance to liquidate babies’ gold rings?

A baby’s 1st birthday is celebrated in a significant way in South Korea, with the custom of showering the little one with gold jewelry -- most commonly gold rings. The tradition began in the early 20th century after Chinese immigrants to Korea gave gold and silver rings or bracelets as gifts. Each ring typically contains 1 “don” (3.75 grams) of 24-karat gold. Don is the unit used for measuring gold in Korea, originating from Japan. These gold pi…