Frieze Seoul Aims to Break Record with Works by Hirst, Kusama, and More
Frieze Seoul is set to potentially break its all-time high sales record this year. Works by blue-chip artists such as Damien Hirst, Louise Bourgeois, James Turrell, and Georg Baselitz are making their way to Seoul. Additionally, pieces by the late Japanese contemporary art icon Yayoi Kusama will be showcased, providing insight into future pricing trends.The 2026 edition of Frieze Seoul opened on September 2 at COEX in Gangnam, featuring over 130 galleries from 30 countries worldwide.Market atten
Mariana Tourism Office Wins First Global Travel Campaign Award
The Mariana Tourism Office has been named the first winner of the newly established Global Travel Campaign category. The award recognizes the "FAR FROM ORDINARY" campaign, which expanded tourism promotion from Saipan to include Tinian and Rota.The announcement was made on September 2, following the "2026 Brand of the Year" awards ceremony held at the Shilla Hotel in Seoul on September 1.The Brand of the Year awards are determined through consumer voting, and the Global Travel Campaign category w
Gwangju Semiconductor Industrial Complex Power Network Construction Exempted from Feasibility Study
The South Korean government has decided to provide up to 20 trillion won in support to Gwangju over the next four years and exempt the power network construction project for the Gwangju Semiconductor Industrial Complex from a feasibility study. Additionally, the national budget for Gwangju next year will include 13.9 trillion won in funding. According to Gwangju City on September 2, the government approved the "2027 Budget Proposal," "2027 Fund Management Plan," and the "Plan for Promoting the P
Middle East Tensions Ignite Declines in Samsung and SK Hynix Stocks
As military tensions in the Middle East escalate, international oil prices and U.S. Treasury yields have surged, leading to a decline of over 2% in South Korea's semiconductor giants, Samsung Electronics and SK Hynix, during early trading.According to the Korea Exchange, as of 9:38 a.m. on September 2, Samsung Electronics shares were trading at 254,000 won, down 7,000 won (2.68%) from the previous trading day. SK Hynix also saw a decline, with shares falling 42,000 won (2.48%) to 1,651,000 won.O
Ji Yea-eun and BATA to Marry on December 12
Actress Ji Yea-eun (34) and dancer BATA (32, real name Kim Tae-hyun) will tie the knot on December 12.According to Yonhap News on September 2, Ji's agency, CP Entertainment, stated, "The two have promised to share their lives together based on deep trust." BATA's agency, Aira, added, "The couple is starting a new journey as husband and wife, promising to be each other's strongest support based on deep trust and love." The two, born in 1994, met at church and developed their friendship into a rom
Medipost Appoints Min Ho-sung as CEO, Establishes Co-CEO System
Medipost announced on September 2 that it has appointed Min Ho-sung, a former vice president of Samsung Biologics and an expert in biopharmaceutical research and development (R&D) and contract development and manufacturing (CDMO), as its new CEO. The company plans to officially appoint Min as co-CEO following a temporary shareholders' meeting and board approval. This change will establish a co-CEO system with current CEO Oh Won-il. Oh will oversee domestic operations, including the Cartistem, GM
Chosun Hotel & Resort to Operate 'Concord Club by Chosun' at Mokdong Yunsuljayi
Chosun Hotel & Resort will provide premium wellness services at the high-end residential complex 'Mokdong Yunsuljayi' in Yangcheon District, Seoul. On September 2, Chosun Hotel & Resort announced that it has signed a management contract with the developer of Mokdong Yunsuljayi to operate wellness facilities within the complex, introducing the premium fitness brand 'Concord Club by Chosun.' This agreement aims to present a premium wellness community that integrates the service expertise of a hote
U.S. Treasury Market Performs Well, But Long-Term Rates Rise Again
U.S. Treasury Secretary Scott Beckett emphasized on September 1 that the U.S. Treasury market has outperformed those of other major countries, but long-term U.S. Treasury yields are rising again. Following Beckett's announcement last month to expand Treasury purchases, long-term rates, which had temporarily stabilized, have returned to previous levels in less than a month, raising questions about whether bond purchases alone can curb rising interest rates.Beckett claims strong performance since
Korail Distribution Launches Apple Popup Store at Seoul Station
Korail Distribution is operating a popup store at Seoul Station featuring products made from local specialties. From September 3 to 6, Korail Distribution will host a 'Local Collaboration Product Popup Store' on the third floor of Seoul Station, showcasing products made from apples, a specialty of Gunwi County in Daegu. This popup store aims to introduce collaborative products developed using local specialties to consumers and to support new sales channels through the railway station. The Minist
Commercial Building Transactions Decline in Volume but Increase in Value
In July, the volume of commercial building transactions nationwide decreased compared to the previous month, but the total transaction value saw a slight increase. The rise in transactions of mid-sized buildings valued between 10 billion and 30 billion won contributed to the overall increase in transaction value.According to a big data report released by Real Estate Planet on September 2, the total number of commercial building transactions in July was 1,025, a 3.4% decrease from 1,061 in June.