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Gold Bars and Coins Worth $9 Million Found During Belgian Construction
๐Ÿ‡ฐ๐Ÿ‡ท South Korea /Energy & Infrastructure

Gold Bars and Coins Worth $9 Million Found During Belgian Construction

From Dong-A Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Sources not specified New plan
  • Construction workers in Belgium discovered approximately 14.8 billion won ($9 million) worth of gold bars and coins during renovation work.
  • The treasure was found hidden in a chest in the basement of a building owned by a social welfare organization in Dendermonde.
  • Authorities are investigating the origin of the gold, with Belgian law allowing the discoverer and property owner to claim it if unclaimed after five years.

A remarkable discovery has been made in Belgium, where construction workers stumbled upon a fortune in gold bars and coins valued at an estimated 9 million euros (approximately $14.8 billion Korean won). The find occurred during renovation work in the basement of a building owned by CAW Oost-Vlaanderen, a social welfare organization in Dendermonde.

Workers were demolishing the building's foundation to install sewage pipes when they uncovered a chest filled with 49 gold bars and numerous gold coins. Initially mistaking the coins for mere 1-euro pieces, the workers realized the significance of their find upon discovering the gold bars. One worker described the moment as "unusual," while a site manager expressed astonishment, noting that in 33 years of construction, he had never encountered anything similar.

At first, I thought it was a pile of 1-euro coins, but when I found a gold bar, I realized the situation was unusual.

โ€” KobeA construction worker describing the moment of discovery.

The discovery has sparked interest regarding the ownership of the gold. Under Belgian law, if the rightful owner does not claim the treasure within five years, the discoverer and the property owner are entitled to split the assets. This has led to speculation that the gold might have belonged to a local brewing family, as the building was formerly a brewery. However, police are also investigating the possibility that the gold was hidden as illicit funds.

The building's past use as a brewery has fueled theories about the gold's provenance, with local media suggesting a connection to a nearby brewing family. The investigation continues as authorities work to determine the gold's origin and rightful ownership, balancing legal claims with potential criminal implications.

New coins and gold bars kept appearing, and that's when it became real. I've been in construction for 33 years, but this is the first time I've seen anything like it.

โ€” MarioA site manager expressing his surprise at the find.
DistantNews Editorial

Originally published by Dong-A Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.