North Korean markings in Seamaster great white

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Hello I’ve been told the Korean characters on my watch are North Korean official language or slogan meaning “defending and safeguarding with one’s life.” Anyone here would know something on why this watch from the 90s would have such a detail?
 
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I'm getting 결사옹위 "association" from Google Translate, but then again I speak zero Korean and sometimes I think Google Translate doesn't speak any known language. Then again then again, https://en.wiktionary.org/wiki/결사옹위

tl;dr: You were told exactly right, and a number of decent watches with N. Korean slogans and names have appeared on the market. Japanese blogs I've seen say they might have been awards given to party functionaries who later defected or whatever. Nothing that can be traded for hard currency seems to stay long in North Korea.
Edited:
 
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It would have been better to use a matching red instead of orange, in my view. Orange and red don't work very well together.
 
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It would have been better to use a matching red instead of orange, in my view. Orange and red don't work very well together.

Perhaps it was originally painted red but faded to orange, just a thought.
 
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Perhaps it was originally painted red but faded to orange, just a thought.
Or, and I'm 100% guessing here, might Omega have declined to add customer detailing in red so as not to suggest official approval?