Vereenighde Oost-Indische Compagnie
(VOC) is generally called the Dutch East India Company.
Netherlands found the
VOC which was the first limited company in the world,
integrated under national institution in 1602.
Originally, the word of the Dutch East India Company
represented a company which obtained a patent for managing
colonies. The English East India Company in 1600 and
the French East India Company in 1664 were well-known
in world history.
Since the Dutch East India Company
(VOC) was given an exclusive right of foreign trade
by the government along with the right of concluding
a treaty with foreign countries, military formation,
and appointment of government officials, it became a
power group with political, economical, and military
authority. In short, Netherlands equaled VOC and vice
Literally, VOC was an organization where several companies
were allied and merged. Six branches existed according
to the company scale prior to mergence and the largest
one was located in Amsterdam.
The executive body consisted of 73 members at first
but decreased to 60 members later. An executive committee,
called the "17 Lordships
(Heeren X XII)" made final decisions. When
Hamel asked for his unpaid wages for 13 years during
his stay in Joseon after returning to his country, the
made a decision on this matter.
European countries of those days were actively involved
in a battle for the possession of colony to monopolize
Asian products and secure producing centers under the
mercantile system. Equally, VOC devoted all their strength
to securing footholds from Cape of Good Hope to Taiwan
to monopolize spicery and merchant trade in Southeast
Asia. To achieve this, while having its foothold in
Batavia, Java was to compete with Portugal. VOC established
its branch in Hirato, Japan in 1609 and transferred
to Deshima in 1641.
In particular, it held the advantage over a trade competition
in several Asian areas with England and could preoccupy
a trade right about Asia.
In mid-17th century, VOC was in its heydays.