Auction Archives | Be Korea-savvy
Two Rare Buddhist Treasures Fail to Sell at High-profile Auction

Two Rare Buddhist Treasures Fail to Sell at High-profile Auction

SEOUL, May 27 (Korea Bizwire) — High-profile auctions of two ancient Buddhist treasures in Seoul on Wednesday failed to attract any bidders. The auctions of Gilt-bronze Standing Buddha and Gilt-bronze Standing Bodhisattva, both owned by Kansong Art Museum, were held at the K Auction headquarters in southern Seoul. Bidding began at 1.5 billion won (US$1.23 [...]

YouTube Live Broadcasting Used for ‘Untact’ Animal Auctions

YouTube Live Broadcasting Used for ‘Untact’ Animal Auctions

SEOUL, April 24 (Korea Bizwire) — A Korean-bred racing horse has been put up for auction through YouTube live broadcasting for the very first time. A landscape changed by the coronavirus outbreak, YouTube live broadcasting is being spotlighted as a new platform for ‘untact’ methods of exchanging animals. An auction for Korean-bred racing horses, held [...]

Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

Aekyung, HDC Seen as Front-runners in Race to Take Over Asiana Airlines

SEOUL, Nov. 5 (Korea Bizwire) — Two consortia led by cosmetics-to-airline conglomerate Aekyung Group and construction firm Hyundai Development Co. (HDC) will be major competitors in the final auction for a stake in Asiana Airlines Inc., industry sources said Tuesday. A 31 percent stake in Asiana Airlines has been up for sale, and lead manager [...]

4 Bidders Shortlisted in Asiana Airlines Deal

4 Bidders Shortlisted in Asiana Airlines Deal

SEOUL, Sept. 11 (Korea Bizwire) — Four South Korean bidders have made the shortlist in an auction to acquire Asiana Airlines Inc., the country’s second-biggest full-service carrier, industry sources said Wednesday. Cosmetics-to-airline conglomerate Aekyung Group, a consortium formed by Hyundai Development Co. and Mirae Asset Daewoo, another consortium led by local activist fund Korea Corporate [...]

Increasing Number of Homeowners Put Residences Up for Auction

Increasing Number of Homeowners Put Residences Up for Auction

SEOUL, Jun. 11 (Korea Bizwire) — The average number of home auctions throughout South Korea has surpassed 5,000 cases over the last two months. According to GG Auction, a South Korean court auction firm, the number of auctions of residences throughout the entire country reached 5,261 cases last month, surpassing 5,000 for the second month [...]

Women in their 20s and 30s Core Customers of Traditional Liquors

Women in their 20s and 30s Core Customers of Traditional Liquors

SEOUL, Feb. 6 (Korea Bizwire) — Recent market analysis has revealed that women in their 20s and 30s comprise nearly half the consumer base for Korean traditional alcoholic beverages. From July to December (2017), women between the ages of 20 and 39 were responsible for 49.7 percent of online traditional liquor sales (9.7 percent by [...]