The Japanese imperial authorities wanted the Joseon aristocratic figures to lead the task of industrial development in their colonized world, set a standard for their subordinate people, and contribute to the overall stabilization of their colonized society. Yet they never stood up for the task, and instead they ruined themselves both morally and financially, either with an extravagant lifestyle of their own, or with gambling, wasting money and concubinage. They also fell because of their own failures they committed in their financial investments. Song Byeong Jun’s house also invested a huge amount of money and suffered a devastating failure. And such failure was never a rare case. Some people even loaned money from others to venture into highly profitable yet risky businesses, and then failed miserably. The decline of the Joseon aristocracy that continued since the 1920s turned out to be not a small problem for the Joseon Governor General office. Members of the Joseon aristocracy were being ridiculed by the public. The one thing they did in favor of the Japanese colonial ruling of Joseon, would have been the fact that they managed to eliminate the people’s last remaining shred of sentimentality of the past, by showing the public the ultimate annihilation of themselves, the past rulers that had been in the highest places of the lost dynasty. Yet in spite of all that, the Joseon Governor General office had to invest a lot of money and found the Changbok-hwae foundation. The foundation sent money to the fallen members of the Joseon aristocracy every month so that they could maintain their own prestige. Those Joseon aristocratic figures were already absorbed into the Japanese empire’s national polity(with no other than the Denno at the center), so the Japanese authorities could not afford to let them continue their collapses and eventually die out.

The Japanese imperial authorities wanted the Joseon aristocratic figures to lead the task of industrial development in their colonized world, set a standard for their subordinate people, and contribute to the overall stabilization of their colonized society. Yet they never stood up for the task, and instead they ruined themselves both morally and financially, either with an extravagant lifestyle of their own, or with gambling, wasting money and concubinage. They also fell because of their own failures they committed in their financial investments. Song Byeong Jun’s house also invested a huge amount of money and suffered a devastating failure. And such failure was never a rare case. Some people even loaned money from others to venture into highly profitable yet risky businesses, and then failed miserably. The decline of the Joseon aristocracy that continued since the 1920s turned out to be not a small problem for the Joseon Governor General office. Members of the Joseon aristocracy were being ridiculed by the public. The one thing they did in favor of the Japanese colonial ruling of Joseon, would have been the fact that they managed to eliminate the people’s last remaining shred of sentimentality of the past, by showing the public the ultimate annihilation of themselves, the past rulers that had been in the highest places of the lost dynasty. Yet in spite of all that, the Joseon Governor General office had to invest a lot of money and found the Changbok-hwae foundation. The foundation sent money to the fallen members of the Joseon aristocracy every month so that they could maintain their own prestige. Those Joseon aristocratic figures were already absorbed into the Japanese empire’s national polity(with no other than the Denno at the center), so the Japanese authorities could not afford to let them continue their collapses and eventually die out.

Joseon aristocracy, Song Byeong Jun, Changbok-hwae, national polity