The Story of the Merchant
Original Sangin Iyagi
Story by: Traditional Korean Folk Tale
Source: Korean Folklore

In the bustling port city of Busan, where ships arrived daily carrying goods from distant lands and the air was filled with the cries of merchants hawking their wares, there lived a trader named Kang Ji-ho. His small shop sat tucked between the harbor and the main market street, and though it was modest in size, it was known throughout the city for one thing above all others—absolute honesty.
Ji-ho dealt in silk, spices, and precious stones, goods that required careful evaluation and fair pricing. In a trade where many merchants grew wealthy through deception—mixing inferior goods with quality items, using false weights, or claiming exotic origins for common materials—Ji-ho stood apart like a lighthouse in a storm.
“Every grain of rice must be honestly weighed,” Ji-ho would tell his young apprentice, Min-soo, each morning as they opened the shop. “Every bolt of silk must be fairly priced. A merchant’s reputation is worth more than all the gold in his strongbox.”
Min-soo, who was barely sixteen and eager to learn the ways of commerce, sometimes questioned his master’s methods. “But Master Kang,” he would say, watching other merchants haggle and deceive their customers, “Master Cho across the street charges twice what we do for silk of the same quality. Master Lee mixes sand with his spices to increase their weight. They seem to prosper while we struggle.”
Ji-ho would smile patiently and continue sorting his goods with meticulous care. “Min-soo, quick profit is like morning mist—it appears substantial but vanishes with the first ray of true sunlight. Honest profit is like a well-built house—it stands firm through all seasons.”
One particularly busy market day, as autumn painted the leaves red and gold and merchants prepared for the profitable winter season, a wealthy nobleman named Lord Park arrived at Ji-ho’s shop. He was known throughout the city for his vast estates and his equally vast appetite for luxury goods.
“Merchant Kang,” Lord Park announced in his booming voice, “I require the finest silk for my daughter’s wedding dress. Money is no object, but the quality must be absolutely perfect.”
Ji-ho bowed respectfully and brought out his most beautiful silk—a bolt of deep blue fabric that seemed to capture the essence of twilight skies, embroidered with silver threads that sparkled like stars.
“This silk comes from the royal workshops of China,” Ji-ho explained honestly. “It is indeed the finest I have, but I must tell you—there is a small flaw here,” he pointed to a barely visible imperfection in one corner, “and here the silver thread has a tiny break. These flaws are so minor that most would never notice them, but in fairness, I must reduce the price accordingly.”
Lord Park examined the silk carefully. Any other merchant would have hidden such tiny flaws or claimed they were intentional design elements. But Ji-ho’s honesty impressed him deeply.
“Your integrity astounds me,” Lord Park said. “Most merchants would have charged me double and claimed this silk was woven by angels. I will take this silk at your asking price, and I want you to provide all the fabrics for my daughter’s wedding.”
As word of this transaction spread through the merchant community, many of Ji-ho’s competitors laughed. “Foolish Kang,” they whispered. “He could have earned ten times what he asked for that silk.”
But Lord Park told his wealthy friends about the honest merchant, and soon Ji-ho’s small shop was visited by the most prominent families in the city. They came not just for his goods, but for the assurance that they were getting exactly what they paid for.
One day, a mysterious old woman entered the shop, her clothing simple but her eyes sharp with intelligence. She examined various items carefully, asking detailed questions about their origins and quality.
“I need pearls for my granddaughter’s coming-of-age ceremony,” she said finally. “But I have been cheated so many times by dishonest merchants that I hardly know who to trust.”
Ji-ho brought out a collection of pearls, each one carefully sorted by size and quality. “These are freshwater pearls from the lakes of the north,” he explained, showing her the finest strand. “They are beautiful, but if you want the highest quality, these saltwater pearls from the southern seas have better luster, though they cost more.”
The old woman was amazed. “You’re telling me to buy the more expensive pearls?”
“I’m telling you the truth about both,” Ji-ho replied. “The choice is yours to make based on your needs and budget. Both are genuinely beautiful, but they are different, and you deserve to know the difference.”
The old woman purchased the more expensive pearls, but before leaving, she paused at the door. “Young merchant,” she said, her voice carrying an odd resonance, “you have shown me something rare in this world—complete honesty. Such virtue should be rewarded.”
She reached into her simple bag and pulled out what appeared to be an ordinary stone, smooth and gray like those found on any beach. “Keep this stone in your shop,” she said. “As long as you remain honest in all your dealings, it will bring you prosperity beyond your dreams.”
Before Ji-ho could ask what she meant, the woman had vanished into the crowded marketplace as if she had never been there at all.
Ji-ho placed the stone on his counter, thinking it a curious but harmless gift. However, he soon noticed that his business began to flourish in remarkable ways. Customers arrived from distant cities, having heard of his reputation for honesty. Rare and valuable goods came his way through unexpected channels. His modest shop became a destination for those seeking not just quality merchandise, but trustworthy dealings.
But most importantly, the stone seemed to have an unusual property. Whenever Ji-ho was tempted to bend the truth—to hide a flaw, to exaggerate a quality, or to charge more than fair value—the stone would grow warm against his hand, reminding him of his principles.
One day, a merchant from a rival city offered Ji-ho a partnership that would make him incredibly wealthy. “All you have to do,” the merchant explained, “is agree to sell my goods as premium quality and charge accordingly. I’ll split the profits with you, and we’ll both become rich.”
The merchant’s goods looked premium, but Ji-ho’s experienced eye detected that they were clever imitations—silk that looked expensive but would fade quickly, spices that smelled authentic but were mixed with cheaper alternatives.
As Ji-ho considered the offer, the stone grew so warm it was almost hot. He looked at his modest shop, then at the tempting wealth being offered, then at young Min-soo, who was watching this conversation with great interest.
“Thank you for the offer,” Ji-ho said firmly, “but I cannot sell goods that are not what they appear to be. My customers trust me, and that trust is not for sale.”
The rival merchant left in anger, but Min-soo approached his master with shining eyes. “Master Kang,” he said, “I understand now why you always speak of reputation being more valuable than gold.”
Years passed, and Ji-ho’s business grew steadily. He never became the richest merchant in the city, but he became the most respected. Young merchants came to learn from him, and experienced traders sought his partnership. His shop became a landmark—a place where both buyer and seller could trust they would be treated fairly.
One evening, as Ji-ho was closing his shop, the mysterious old woman appeared again. But now she looked different—younger, more radiant, with an otherworldly quality that made the air around her shimmer.
“I am the Spirit of Commerce,” she revealed, “sent to test the hearts of those who engage in trade. You have passed the greatest test of all—you remained honest even when honesty cost you profit.”
She gestured to the stone, which now glowed with a soft, warm light. “This stone has been recording every honest transaction, every fair deal, every moment when you chose integrity over advantage. Your reputation has become your greatest treasure.”
Ji-ho bowed deeply. “Honored spirit, I have only done what felt right in my heart.”
“And that,” she smiled, “is why you have been truly successful. Gold can be stolen, goods can be destroyed, but a reputation built on honesty lasts forever and brings rewards that multiply through generations.”
As she spoke, customers began arriving at the shop—not just from the city, but from distant provinces and even foreign lands. Word of the honest merchant of Busan had spread far and wide, bringing him business beyond anything he had imagined.
Min-soo, now a skilled trader in his own right, watched in wonder as his master conducted business with visitors from across Asia. “Master,” he whispered, “how did this happen?”
Ji-ho smiled, touching the warm stone on his counter. “When you build your business on honesty, Min-soo, you’re not just serving customers—you’re creating a foundation that can support prosperity for generations. The profits may come slowly, but they come surely, and they bring with them something no amount of gold can buy—peace of mind and genuine respect.”
The Spirit of Commerce nodded approvingly and began to fade. “Remember,” she said as she disappeared, “in business as in life, the shortest path to lasting success is the straight path of honesty.”
From that day forward, Ji-ho’s shop became more than a business—it became a school where merchants from across Korea came to learn not just the techniques of trade, but its ethics. And the warm stone remained on his counter, a reminder that in a world where quick profits tempt many, the greatest wealth comes to those who value trust above treasure.
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