Search results for Leeum Museum of Art
People
Hong Ra-hee awarded Camellia Medal of Order of Civil Merit
Samsung Culture Foundation said on Oct. 26 that Hong Ra-hee (홍라희), honorary director of the Leeum Museum of Art, received the Camellia Medal of the Order of Civil Merit. Hong also received the Red Cross Humanitarian Award Gold Medal in 2024. The foundation cited the family’s donation of about 23,000 artworks to the state and the return of 1 trillion won of inheritance through medical donations, along with continued cash contributions.
Industry
Corporate art museums shift from charity to platform business
Corporate art museums in South Korea are shifting from social contribution spending to revenue platforms as companies recast them as ESG assets. Hanwha will open Pompidou Center Hanwha at Seoul\'s 63 Building in June, setting ticket and membership prices and positioning it as a multi-purpose cultural space. Earlier, Samsung, Lotte and POSCO tied museums to branding and ESG, with examples including the Lee Kun-hee Collection donation and formal ESG metrics for museum operations.
Industry
Samsung family completes 12 trillion won inheritance tax payment for Lee Kun-hee
The Samsung family has completed payment of 12 trillion won in inheritance tax on the estate of the late former chairman Lee Kun-hee over five years, finishing six installments, heirs said on Saturday. The amount is about 50 percent more than South Korea’s 2024 inheritance tax revenue of 8.2 trillion won and is the largest such payment since the country’s founding. The estate included stakes in affiliates and real estate.