Two Korean entrepreneurs – Kim Woong-ki and Seo Kyung-bae were listed on the annual Top 200 Collectors list published by ARTnews for its 2023 edition. Kim, chairman of Global Sae-A Group, an apparel manufacturing conglomerate, became known in the global art scene when it was revealed in 2022 that Kim was the winning bidder for modern art master Kim Whan-ki’s painting titled "Universe 5-IV-71 #200&.
Most expensive house in Korea: Shinsegae chairwoman’s W30b residence |
An exterior of Shinsegae Group Chairwoman Lee Myeong-hee’s house in Hannam-dong, Seoul (Yonhap)
A Hannam-dong residence in central Seoul owned by Shinsegae Group’s chief retained its top position as the most expensive house in Korea, data showed Friday.
The value of Shinsegae chairwoman Lee Myeong-hee’s 2,862-square-meter house, as assessed by the government, was 29.53 billion won ($26.88 million), up 6.6 percent from this year. Lee is the younger sister of late Samsung Group Chairman Lee Kun-hee.
Previously, the house’s declared price surged by 59.7 percent on-year from 16.9 billion won to 27 billion won in 2019. It rose by an additional 2.6 percent on-year to 27.71 billion won this year.