This medal commemorates Emperor Yunghui's tour of southern and western Korea. Established in 1909. OBVERSE: Emperor's standard with a plum blossom. REVERSE: Korean inscription 'Great Korean Empire, Great Korean Emperor, Trip to the South and West Commemorative Medal, Yung Hi 3.' Translation from Peterson's book. The medal itself is from the Korean Empire, but at the time this medal was established (1909), Korea had in most respects become part of the Japanese Empire. This officially happened in 1910, but after the Russia-Japan War (1904-5), Korea was a Japanese protectorate.
The medal is made just as the Japanese medals were, with the same kind of ribbon and hook and eye catch in the back. The simple suspension device was also used on some Japanese and Manchukuo medals. Peterson claims that the Korean orders and medals were probably made in Korea, and the inferior quality of many of the Korea pieces seem to confirm this. So they were either made using the Japanese medals as models or under the guidance of Japanese officials. Or both.
This medal was established in 1909 when the Korean Emperor Yunghui toured the southern and western areas of Korea. This medal may have been awarded to members of his entourage and perhaps to assorted officials living in the visited areas. And also, perhaps, to officials associated with the tour in various ways.
Scarcity Scale 1 dot is common. 5 is extremely rare.