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This meditating pose, cross-legged and seated on a round stool, with its origins in India, is common to sculptures of Maitreya (the Buddha of the Future) across East Asia and is particularly associated with an event in the life of Siddhartha, the historical Buddha. During the Three Kingdoms period (57BC-668AD) constant warfare inspired belief in a savior deity and a cult sprung up around Miruk Bosal (as he is known in Korean) who it was believed would return to earth to save humankind 570 million years after the death of Siddartha.
This figure was examined in 2010 by Chong Young-Ho (1934-2017), Buddhist scholar and Professor of Archaeology at Korea National University of Education. In his assessment Professor Chong points out several characteristics that make this figure rather unique- the head resting in the palm of the right hand; the simple expression and rustic countenance of the figure; and the openwork dais with the three Buddha supports. Professor Chong believed this figure dates to the first half of the 7th century. For a very similar, though slightly smaller gilt-bronze figure of Maitreya in the collection of the National Museum of Korea, see https://www.museum.go.kr/site/eng/relic/search/view?relicId=2538.