Fusan

— 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.