A Russian warship believed to hold $130-Billion in gold bullion and coins was found off the coast of a South Korean island. The vessel sunk 113 years ago during the Russo-Japanese War.
South Korean, British and Canadian explorers found the wreckage from the Dmitrii Donskoi over 1,400 feet below sea level off the coast of the South Korean island of Ulleungdo, reports say.
The Russian Imperial Navy cruiser had a literal treasure chest onboard. Explorers unearthed about 5,500 boxes of gold bars and coins weighing some 200 tons. An agreement has reportedly been reached to return half of the gold to the Russian government, with portions of the remainder going towards business development in Asia. About 10% would be set aside for tourism projects on Ulleungdo, including a museum dedicated to the ship.