7 April 2021
The Weekly
South Korea

Seoul Foundation for Arts and Culture (SFAC) said it has opened ‘S-store’ on the fourth floor of Lotte Department Store in Gangnam, Seoul, Friday. A total of 63 artworks by 26 artists are on display at the store. The price of the art pieces ranges from KRW10,000 (US$10) to KRW 1mn (US$1,000). The store is part of the SFAC and Lotte Department Store Gangnam’s project to jointly create a structure that can benefit both the retail giant and local artists hit by the pandemic. Before opening the store, SFAC reviewed artworks of more than 260 artists who participated in its Artist-in-Residence Program at Seoul Art Space Sindang over the last 12 years. Lotte will keep the distribution fee to minimum to ensure maximum profit for the artists.