Italian luxury fashion house Gucci has announced a three-year sponsorship agreement with the Cultural Heritage Administration (CHA) of Korea designed to preserve and safeguard Gyeongbok Palace. Gucci President and CEO Marco Bizzarri signed a memorandum of understanding (MOU) with Choi Eung-chon, head of the CHA, Nov. 1, promising cooperation on future restoration projects of the historic Joseon-era royal palace, the company said, Wednesday.
The government said Wednesday it will review the country s about 1,600 cultural heritage preservation zones possibly to reduce their ranges as part of deregulatory measures. The Cultural Heritage Administration (CHA) announced the plan during a government meeting on regulatory reforms, presided over by Prime Minister Han Duck-soo.