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creative economy-GDP

Yonhap News AgencyMay 20, 2013 03:33
SEOUL, May 20 (Yonhap) -- Local industries linked to the government's new economic vision, dubbed the "creative economy," took up 31.2 percent of South Korea's economy in 2012, data showed Monday, falling behind global peers. The "creative economy," one of President Park Geun-hye's key economic policies, aims to boost the economy by creating new business opportunities and jobs through the fusion of information technology, cultural and other realms.

Park-jobs

March 29, 2013 04:30
SEOUL, March 29 (Yonhap) -- President Park Geun-hye continued her push Friday to create a fair job market in which job seekers are evaluated for their abilities, not their academic backgrounds. In South Korea, competition to enter the top universities is fierce because a prestigious educational background is often the key to a successful career.

Global art sales swell despite slowing Chinese market

March 5, 2013 18:17
Works by Andy Warhol topped the list of auction sales in 2012, as the global art market thrived thanks to high sales in New York and in China, the French watchdog Artprice told AFP Tuesday. After a bumper rise in sales of 21 percent in 2011, the global market grew more than 6 percent last year, found a joint report by Artprice and the group Artron seen by AFP, to be published on Thursday. Auction sales of art works around the globe -- which include paintings, sculptures and photographic prints -- totalled $12.27 billion (9.42 billion euros) last year.

Records fall as NY art auctions take in $170 million

February 1, 2013 22:01
* Madonna painting from 1490s fetches week's highest price * Strong international bidding, particularly from Russians By Chris Michaud NEW YORK, Feb 1 (Reuters) - Three paintings each sold for more than $10 million and artists' records fell as auction houses Christie's and Sotheby's collectively moved some $170 million in Old Master and Renaissance art this week.

As Indian art world meets, prices stay depressed

February 1, 2013 00:45
India's art world has converged on New Delhi for the industry's biggest annual event where upbeat talk and parties are likely to disguise a market that is still in the doldrums since crashing in 2008. Indian art auction prices are down 70 to 75 percent from their peak, when speculation driven by new prosperity in cities such as Delhi and Mumbai pushed them to "unsustainable levels", says art analyst Anders Petterson.

Art not only for "1 percent", says Christie's chief

January 16, 2013 20:30
* Christie's 2012 art sales at record 3.9 billion pounds * Asia drops sharply, private sales surge * CEO Murphy sees unprecedented interest in art globally * Christie's aims to capture clients via online auctions By Mike Collett-White LONDON, Jan 17 (Reuters) - When the public sits up and notices the art market, it is usually when an anonymous buyer pays a mind-boggling sum to acquire a prized painting or sculpture.

Art auctioneers eye another bonanza in early 2013

January 14, 2013 14:15
By Mike Collett-White LONDON, Jan 14 (Reuters) - The world's two biggest auction houses are predicting a bumper start to 2013, with estimates from key sales in London this February up sharply from last year. Confident that super-rich collectors and wealthy art institutions will continue their hunt for the very rarest works of art, both Christie's and Sotheby's are looking to improve on already spectacular gains in recent years.
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