By 1883, the economy was now no longer in a state of monopoly conducted by Japanese merchants as it had been only a few years ago. The majority was in control by the Koreans while portions were distributed between Western nations, Japan and China. In 1884, the first Korean commercial firms such as the Daedong and the Changdong Company emerged. The Bureau of Mint also produced a new coin called "tangojeon" in 1884, securing a stable Korean currency at the time. Western investment began to take hold as well in 1886.