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The Battle for the Treasure Ship: International Disputes Over Ownership

[앵커]
An expedition in search of a treasure ship loaded with gold and silver treasures is by no means a fairy tale.

As the battle for the treasure ship intensifies, an international dispute arises over its ownership.

This is reporter Kim Tae-rim, looking at the world.

[기자]
The Caribbean Sea borders the Atlantic Ocean and the Gulf of Mexico.

When I went down 900m to the sea, I saw a large ship.

If you look closely, you can see various antiques such as coins, gold bars, and ceramic cups buried there.

The ship in the video is identified as the large Spanish sailing ship San Jose, which was carrying colonial treasures.

It sank in 1708 while fighting a British fleet off the coast of northern Colombia, and is known to have carried 200 tonnes of treasure brought from colonies such as Bolivia and Peru.

The current value of these treasures is estimated to be around 26 trillion Korean won.

The Colombian government recently released a video of a treasure ship in the deep sea and announced that rescue work would begin as early as next month.

The problem is that the first discoverer, an American private company, the owner of the ship, Spain, and the owner of the treasure, Bolivia, have come forward to claim ownership of the treasure.

[콜롬비아 법무부 국장]
“We will introduce a clear legal basis to protect our cultural heritage.”

The New York Post reported that there are treasures worth at least 42 trillion won buried in the world’s oceans right now.

However, due to fierce ownership disputes between countries, real rescue is rare.

The Flor della Marjo, a Portuguese warship that sank near Indonesia in 1511, is known to have been loaded with gold bars worth 3 trillion won. Ownership is shared between three countries: Portugal, who owned the ship, Indonesia, where sank, and Malaysia, where the treasure was originally located. They have been fighting fiercely for over 30 years.

Even the Frau Maria, which sank in the Baltic Sea in Europe 230 years ago, has not even started as Russia, Finland and the Netherlands are preoccupied with the works of art on board.

The reason why ownership conflicts are so serious is because there are no clear regulations in international law.

In some cases, negotiations may be held under UNESCO conventions or the opinion of the Law of the Sea Tribunal may be sought.

[양희철 / 한국해양과학기술원 해양법·정책연구소장]
“If it is a warship, a merchant ship, or a (different) government ship, its current location, whether in the territorial waters within its jurisdiction, whether in its exclusive economic zone, or whether it is on the high seas ( all must be considered).”

There are cases where an agreement was reached and a treasure ship was saved.

The British ship Sussex, which sank off the coast of Spain in 1964, came ashore in 2007 after the American exploration company that discovered it agreed to share 40% of the treasure worth around 5.3 trillion won and the rest to be shared between Britain and Spain. He came

However, five years later, some of the treasure was confirmed to be Spanish, and the dispute continued even after the rescue.

This is Kim Tae-rim, looking at the world.

Video Editing: Heejeong Lee

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