A few years later, Posyet was founded near the head of the Corean peninsula, and is now growing rapidly.

It has one of the finest harbors on the Japan Sea, completely sheltered, easily defended, and affording superior facilities for repairing ships of war or commerce.

It is free from ice the entire year, and has a little cove or bay that could be converted into a dry dock at small expense.
In 1865 Posyet was visited by ten merchant vessels; it exported fifteen thousand poods of _beche de mer_, the little fish formerly the monopoly of the Feejees, and of which John Chinaman is very fond.

It exported ten thousand poods of bean cake, and eleven times that quantity of a peculiar sea-grass eaten by the Celestials.

Ginseng root was also an article of commerce between Posyet and Shanghae.