SEOUL, Jan. 9 (Korea Bizwire) — A dozen opposition and independent lawmakers denounced the National Assembly secretariat Monday for removing artworks satirizing the government of President Yoon Suk Yeol from a planned exhibition at the Assembly. About 80 pieces of art, including one showing a naked President Yoon brandishing a sword with the first lady, [...]
SEOUL, Sept. 20 (Korea Bizwire) — Nearly 100 artworks by masters of Western art will go on display at a Seoul national gallery later this week as part of a follow-up exposition of donations of late Samsung Chairman Lee Kun-hee. The National Museum of Modern and Contemporary Art, Korea (MMCA) said Tuesday the exhibit titled [...]
SEOUL, Sept. 6 (Korea Bizwire) — About 130 modern Korean artworks, including some from donations of late Samsung Chairman Lee Kun-hee, will go on display in the United States next week, organizers said Tuesday. The exhibit, titled “The Space Between: The Modern in Korean Art,” will run from Sunday to Feb. 19 next year at [...]
SEOUL, July 7 (Korea Bizwire) — South Korea’s art market continued its upbeat mode in the first half of this year despite an economic slowdown, industry data showed Thursday. The total sales of artworks in Korea reached an estimated 532.9 billion won (US$410.1 million) in the first six months of 2022, according to data by [...]
SEOUL, May 9 (Korea Bizwire) — Scattered investment in which multiple investors chip in to buy an expensive artwork has increased significantly over the last three years. Four local online art investment platforms reported via apps and web pages showed that the accumulated value of collective purchasing had reached 96.3 billion won (US$75.6 million). ArtnGuide, [...]
SEOUL, March 25 (Korea Bizwire) — The boom of the local art market is expected to continue this year thanks to swelling demand for artworks from individual investors amid the protracted pandemic, industry data showed Friday. The 2022 Galleries Art Fair, one of the biggest art trade fairs in South Korea held from March 16-20, [...]
SEOUL, Jan. 13 (Korea Bizwire) — There is a significant buzz around art in the construction industry on the back of the gentrification of apartment complexes. In collaboration with the artwork platform ‘Open Gallery,’ construction company Hyundai Engineering Co. developed an artwork subscription service for the communal areas of apartments last month. This service allows [...]
SEOUL, Dec. 28 (Korea Bizwire) – South Korean auction house Seoul Auction said Monday that the total value of successful bids stood at 167 billion won (US$140 million) this year, up almost fourfold from 43.4 billion won a year ago. The successful bid rate estimated at 79 percent, up 10 percentage points in the year-ago [...]
BUSAN, Dec. 27 (Korea Bizwire) — Marine litter has been transformed into artworks to share an important message about the seriousness of contaminating the environment. A series of sculptures were built in Busan’s tourist district of Haeundae using debris collected from the sea to raise public awareness about the risk posed by marine litter and the severity of the [...]
SEOUL, July 23 (Korea Bizwire) — A television is often dubbed as a magic box, as it shows almost everything on the planet, but in the era where staying at home became the new normal amid the pandemic, it has become more than just a screen. With movies, TVs can turn your home into a [...]