Features / Focus

2021 top news in art: Late Samsung chairman's art trove excites museums, NFT ignites debate

posted 07 Jan 2022

Following the quiet year of 2020 engulfed by the COVID-19 pandemic, Korea's art market saw a new boom this year.

Part of the surging public interest was fueled by the unprecedented donation of late Samsung Chairman Lee Kun-hee's massive art collection. Non-fungible tokens (NFTs) that represent the ownership of digital assets, became another attractive buzzword for a new sector of collectors.

An influx of new, younger art buyers was soon witnessed at major local art fairs and auctions, which all saw record turnouts and sales. In addition, there was the expanding presence of internationally renowned galleries in Seoul.

Below are the top news stories that grabbed the headlines in the Korean art scene this year.

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