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Korea Herald
30-05-2025
- Entertainment
- Korea Herald
Frieze Seoul, Kiaf Seoul to kick off Sept. 3
The annual art fairs Frieze Seoul and Kiaf Seoul will both start at Seoul's Coex convention center on Sept. 3, each running four and five days, respectively. According to the Galleries Association of Korea on Friday, Frieze Seoul will host some 120 galleries from over 30 countries, including New York's Gagosian Gallery, Switzerland's Hauser & Wirth, Hong Kong's 10 Chancery Lane Gallery and Korea's Gallery Hyundai. A Frieze Masters section will focus on art from antiquity to the 20th century, and Focus Asia will introduce emerging galleries that have been in operation for 12 years or less. Under the theme 'Resonance,' Kiaf Seoul will discuss building a sustainable ecosystem for art. Kiaf Seoul will feature 176 galleries, 22 of them new to the fair, from some 20 countries. Participating galleries include Sundaram Tagore Gallery in New York, Art of the World Gallery in Texas, US, Whitestone Gallery in Hong Kong and Kukje Gallery in Korea. Kiaf Galleries will be the main section, while Kiaf Plus will show works from aspiring artists and galleries. Lee Sung-hoon, chief of operations at the Galleries Association of Korea, said the focus this year is on improving the show's overall quality, elevating Korea's global profile as an art hub. 'Reverse Cabinet,' a special exhibition marking the 60th anniversary of the normalization of Korea-Japan relations, will take place. A concert is planned with pianist Sunwoo Yekwon, the first Korean to win the Van Cliburn International Competition in 2017.
Korea Herald
17-03-2025
- Entertainment
- Korea Herald
First, oldest in Korea, Galleries Art Fair returns in April
Number of participating galleries will be the largest this year The Galleries Art Fair, Korea's oldest art fair, will return in April with an unprecedented number of participating galleries. The 43rd edition of the art fair — started in 1979 and is run by the Galleries Association of Korea — will kick off April 16 at Coex in southern Seoul, with 168 galleries taking part, a 12 percent increase from last year. Participating galleries rose as more galleries joined the Galleries Association of Korea. About 20 galleries joined the association over the past two years, and now the association boasts a membership of 184 galleries. 'This year's edition is aimed at introducing new artists who were selected based on evaluation not only by the association but also art experts from state or private museums,' said the association's chair Lee Sung-hoon at a press conference in Seoul on Monday. All participating galleries' booths will be identical in size — six meters in length and seven meters in width. The art fair's 'Zoom-In Edition' is to present 10 rising artists — Prettylinez Jung Hyun, Regina Kim, Minjung See, Park Bo-sun, Park Ji-sue, Bang Jin-tae, Shin Ye-rin, Lee Ji-woong, Choi Ji-one and Choo Sang-min — who were selected after a review by the association and curators from the National Museum of Modern and Contemporary Art, Korea, Seoul Museum of Art and Ilmin Museum of Art, among others. The event's sponsorship was strengthened this year, according to the association, with KB Financial Group supporting the art fair. The Galleries Art Fair in Suwon, a spinoff of the art fair inaugurated last year, will be held in June.
Korea Herald
07-02-2025
- Business
- Korea Herald
Seoul shares snap 3-day buying spree on profit taking
Seoul shares finished lower Friday as investors sought to take profit following gains in the past three sessions. The local currency fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 14.83 points, or 0.58 percent, to close at 2,521.92. Trade volume was moderate at 411.62 million shares worth 10 trillion won ($6.98 billion), with losers outnumbering winners 597 to 290. Foreigners and institutions combined sold a net 448.97 billion won, while retail investors bought a net 330.66 billion won worth of shares. The Kospi plunged 2.52 percent Monday due to concerns over US import tariffs but rebounded for three consecutive trading days, rising by more than 1 percent each session. Overnight, Wall Street shares finished mixed amid a lack of market leads. The Dow Jones Industrial Average fell 0.28 percent, while the Nasdaq composite and the S&P 500 climbed 0.51 percent and 0.36 percent, respectively. "With a wait-and-see stance emerging in the domestic stock market, the recent rally has apparently led to some profit taking," Lee Sung-hoon, an analyst at Kiwoom Securities, said. In Seoul, blue chips dropped across the board, with market bellwether Samsung Electronics slipping 0.56 percent to 53,700 won and its local chipmaking rival SK hynix shedding 0.25 percent to 203,000 won. Battery and automotive shares also retreated. Top battery producer LG Energy Solution fell 1.75 percent to 336,000 won, and leading automaker Hyundai Motor slumped 1.47 percent to 200,500 won. State-run Korea Gas plummeted 13.82 percent to 30,550 won, following the government's announcement of failure to confirm the economic viability of one of the potential oil and gas reserves in the East Sea. Among winners, Hyundai Rotem surged 11.33 percent to 79,600 won, amid a report from a local securities firm forecasting improved earnings for the defense equipment manufacturer this year. The local currency was trading at 1,447.80 won against the US dollar at 3:30 p.m., down 0.10 won from the previous session. (Yonhap)
