Finders keepers: Janitor may keep discarded gold bars - The Korea Times

Finders keepers: Janitor may keep discarded gold bars

By Kang Aa-young

A stroke of luck? A janitor may become the legitimate owner of seven bars of gold, worth 350 million won, which he found in a garbage bin in Incheon International Airport Thursday.

Police identified the Korean owner of the gold bars, each weighing 1 kilogram and found wrapped in newspapers, and concluded he had discarded them for fear of being caught.

So far, the owner hasn't come forward. If the owner doesn't make a claim in six months, the janitor would take ownership of the cache according to a “finders keepers” law.

In case the owner shows up, the janitor will still be able to keep about 5 percent to 20 percent of the market price of the gold, or 17.5 million won to 70 million won, according to the "lost articles act" law.

Here is the catch: He will not be able to keep a penny if the gold is a tainted good or connected to criminal activity.

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