Korean art market rebounds in first half, but growth remains concentrated: report

South Korea's art market nearly doubled in value in the first half of this year, but growth was driven more by sizeable sales than a broader recovery, according to a report by the Korea Art Authentication and Appraisal Institute. Combined sales at seven domestic auction houses reached 110.8 billion won ($75,700) in the January-June period, up 99.05 percent from the same period last year, the report showed on Monday. The number of lots offered, however, fell 11.03 percent during the period from 9

By The Korea Herald