President Lee Jae-myung is having a phone currency with Japanese Prime Minister Shigeru Ishiba in the Presidential Office in Yongsan, Seoul, on the 9th. The photo shows the OST Moonlight Garden watch worn by President Lee. /Courtesy of News1

It has been reported that the watch worn by President Lee Jae-myung is a domestic product worth 40,000 won.

According to the industry on the 10th, the watch worn by President Lee is a product called "Couple Black Leather Watch of Moonlight Garden" from the brand "OST" operated under E-Land Group's E-WORLD Jewelry Business Division.

The previous day, President Lee was spotted wearing the black leather watch during a phone conversation with Japanese Prime Minister Shigeru Ishiba. This watch is an OST model released in 2019, with a suggested retail price of 59,900 won, but it is being sold for about 40,000 won on several online platforms.

President Lee Jae-myung is holding the receiver for a phone currency with Japanese Prime Minister Shigeru Ishiba in the office of the Presidential Office in Yongsan, Seoul, on the 9th. /Courtesy of Yonhap News Agency

The product is out of stock on online malls. This is because the model has been relaunched in small quantities.

Meanwhile, President Lee reportedly said that he "does not need" a "presidential souvenir watch." Past presidents have produced wristwatches as souvenirs, featuring their own signatures and the phoenix symbolizing the Blue House.