There were rumours for years that Frieze — the contemporary art fair behemoth that started in London and now includes events in New York and Los Angeles — was eyeing a site in Asia. A few contenders were floated about in whispered tones: Seoul, Singapore, Shanghai.
In the end, Seoul won out, and this Friday, more than 110 galleries will descend on the inaugural Frieze outing in the upscale Gangnam district — the one made internationally famous a decade ago by that viral galloping dance.
“The arrival of Frieze in Seoul is a huge validation of the city and its place within the arts ecosystem,” says Patrick Lee, director of Frieze Seoul.
“Of course, we hope it will replicate the success of what we have achieved in other cities — the best fairs facilitate dialogue and lasting relationships.
"The art world has its own wonderful machinations and network. Korea is already an important part of this — as shown by the fact that Frieze Seoul has landed here — but the fair can play a leading role in extending this international reach and continuing the development of the art scene here in Asia.”
In retrospect, it was inevitable. South Korea has become an incredibly wealthy nation over the past 40 years. Cars, electronics and technology companies such as Samsung, Hyundai and LG have generated a huge amount of cash and contemporary art has been a favourite destination for this money.
Lee Kun-hee, the son of the founder of Samsung, amassed an art collection estimated at $1 billion by the time of his death two years ago; 23,000 of these works will be donated to local museums. One of these is the National Museum of Modern and Contemporary Art or MMCA, which now has four branches across the country.
Corporations have also been particularly active in the art scene, such as Hyundai’s gallery in the city and its partnerships abroad, while the highly respected Busan and Gwangju biennials have given the country curatorial credibility.
Collecting has grown exponentially and is set to continue upwards. South Korea’s new President Yoon Suk-yeol, elected last year, ran on a platform of market-friendly policies, and the country is an efficient place for individuals to buy art, with no VAT on artworks.
Despite South Korea’s strong local art scene and art history, this new era is highly international in character. Seoul has become a destination for a number of blue-chip galleries: since 2016, Lehmann Maupin, Emmanuel Perrotin, Pace, Thaddaeus Ropac and Konig Galerie have all opened branches. Barbara Gladstone also has an office, and last year, the smaller Los Angeles space Various Small Fires also opened a site.
Jason Haam, who opened his eponymous gallery in Seoul five years ago, says that the recent boom in art activity has been shaped by a generation of the art world who are looking outward.
“A lot of people seem to think that this [collecting boom] is happening out of thin air, but it really started from Art Basel Hong Kong,” he explains. “We’re a small country. We have 50 million people, but it's still one-fourth the size of California by land. So we are always eager to know what's outside of our country, and we always want to engage with the bigger communities like China or the US.”
The mention of Hong Kong is divisive in Seoul, which is keen not to be seen in competition with the Asian city-state. But the comparison is inevitable. For years, Art Basel Hong Kong was the major fair in Asia, run by Frieze’s rival. The fair has suffered, though, during both the pandemic and the civil unrest in the city-state, as China moves to bring the territory closer under its laws. Its event last May was still hybrid and many gallerists and collectors have ceased visiting.
Lee, Frieze’s director, bristles against the idea that Seoul’s rise comes at Hong Kong’s loss.
“Asia is a huge place and Seoul is vastly different from Hong Kong, so I don’t think it’s a case that if one benefits it’s to the detriment of the other,” he says. “There is scope for multiple cities to be destinations in their own right.”
However, for the moment, the demise of Art Basel Hong Kong has left a void that Frieze Seoul can productively fill.
Frieze Seoul itself is larger than the Los Angeles and New York outings. The galleries are spread across three sections of a main fair, including a Frieze Masters section for work from antiquity through to the 20th century, and a Focus Asia section for galleries younger than 12 years.
As is typical of Frieze, the works skew towards global art. While the Korean art scene has major international stars, both historical and contemporary, such as Lee Bul, Do Ho Suh and Lee Ufan, the artists in the fair are the cross-section of big names across the world, such as Gagosian’s group show including Albert Oehlen, Richard Serra, Ed Ruscha and Takashi Murakami.
Mariane Ibrahim, from Chicago, is presenting younger artists such as Amoako Boafo, Yukimasa Ida and Peter Uka. And Stephen Friedman in London has a female-only presentation, with artists such as Mamma Andersson, Leilah Babirye and Hulda Guzman.
Museums and galleries across town are also hosting major shows and parties to welcome the influx of visitors. In a choice that reflects long-standing ties between South Korea and California, Emmanuel Perrotin's gallery is showing the San Francisco artist Barry McGee. Even local galleries skew more established: Haam’s gallery show is by Swiss mega-artist Urs Fischer.
Frieze Seoul is also being held in partnership with Kiaf, the Korean International Art Fair, which was established in 2002 — one ticket gains entry to both fairs, which have signed a five-year agreement together. Building on Frieze's ability to draw in a top tier of galleries and collectors internationally, Frieze Seoul is ultimately seeking to replicate its Frieze Week London on Korean soil.
“The wind is certainly blowing in this direction,” says Haam. “Artists are wanting to show and the appetite is there. The whole artwork will be there — journalists will be there, collectors will be there, institutions will be there. We’ll have access to a much bigger audience than we ever had before. Things that never happened here are now happening.”
Frieze Seoul runs from Friday to next Monday at Coex in the Gangnam district of the city, alongside Kiaf Seoul, operated by the Galleries Association of Korea
Opening Premier League fixtures, August 14
- Brentford v Arsenal
- Burnley v Brighton
- Chelsea v Crystal Palace
- Everton v Southampton
- Leicester City v Wolves
- Manchester United v Leeds United
- Newcastle United v West Ham United
- Norwich City v Liverpool
- Tottenham v Manchester City
- Watford v Aston Villa
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
How to avoid crypto fraud
- Use unique usernames and passwords while enabling multi-factor authentication.
- Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
- Avoid suspicious social media ads promoting fraudulent schemes.
- Only invest in crypto projects that you fully understand.
- Critically assess whether a project’s promises or returns seem too good to be true.
- Only use reputable platforms that have a track record of strong regulatory compliance.
- Store funds in hardware wallets as opposed to online exchanges.
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
The years Ramadan fell in May
UAE currency: the story behind the money in your pockets
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
The bio
Date of Birth: April 25, 1993
Place of Birth: Dubai, UAE
Marital Status: Single
School: Al Sufouh in Jumeirah, Dubai
University: Emirates Airline National Cadet Programme and Hamdan University
Job Title: Pilot, First Officer
Number of hours flying in a Boeing 777: 1,200
Number of flights: Approximately 300
Hobbies: Exercising
Nicest destination: Milan, New Zealand, Seattle for shopping
Least nice destination: Kabul, but someone has to do it. It’s not scary but at least you can tick the box that you’ve been
Favourite place to visit: Dubai, there’s no place like home
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Some of Darwish's last words
"They see their tomorrows slipping out of their reach. And though it seems to them that everything outside this reality is heaven, yet they do not want to go to that heaven. They stay, because they are afflicted with hope." - Mahmoud Darwish, to attendees of the Palestine Festival of Literature, 2008
His life in brief: Born in a village near Galilee, he lived in exile for most of his life and started writing poetry after high school. He was arrested several times by Israel for what were deemed to be inciteful poems. Most of his work focused on the love and yearning for his homeland, and he was regarded the Palestinian poet of resistance. Over the course of his life, he published more than 30 poetry collections and books of prose, with his work translated into more than 20 languages. Many of his poems were set to music by Arab composers, most significantly Marcel Khalife. Darwish died on August 9, 2008 after undergoing heart surgery in the United States. He was later buried in Ramallah where a shrine was erected in his honour.
Voices: How A Great Singer Can Change Your Life
Nick Coleman
Jonathan Cape
Quick%20facts
%3Cul%3E%0A%3Cli%3EStorstockholms%20Lokaltrafik%20(SL)%20offers%20free%20guided%20tours%20of%20art%20in%20the%20metro%20and%20at%20the%20stations%3C%2Fli%3E%0A%3Cli%3EThe%20tours%20are%20free%20of%20charge%3B%20all%20you%20need%20is%20a%20valid%20SL%20ticket%2C%20for%20which%20a%20single%20journey%20(valid%20for%2075%20minutes)%20costs%2039%20Swedish%20krone%20(%243.75)%3C%2Fli%3E%0A%3Cli%3ETravel%20cards%20for%20unlimited%20journeys%20are%20priced%20at%20165%20Swedish%20krone%20for%2024%20hours%3C%2Fli%3E%0A%3Cli%3EAvoid%20rush%20hour%20%E2%80%93%20between%209.30%20am%20and%204.30%20pm%20%E2%80%93%20to%20explore%20the%20artwork%20at%20leisure%3C%2Fli%3E%0A%3C%2Ful%3E%0A
UAE currency: the story behind the money in your pockets
World Cup final
Who: France v Croatia
When: Sunday, July 15, 7pm (UAE)
TV: Game will be shown live on BeIN Sports for viewers in the Mena region
More from Rashmee Roshan Lall
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
THREE
%3Cp%3EDirector%3A%20Nayla%20Al%20Khaja%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Jefferson%20Hall%2C%20Faten%20Ahmed%2C%20Noura%20Alabed%2C%20Saud%20Alzarooni%3C%2Fp%3E%0A%3Cp%3ERating%3A%203.5%2F5%3C%2Fp%3E%0A
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%201.5-litre%204-cylinder%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3ECVT%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E119bhp%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E145Nm%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh%2C89%2C900%20(%2424%2C230)%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
The rules on fostering in the UAE
A foster couple or family must:
- be Muslim, Emirati and be residing in the UAE
- not be younger than 25 years old
- not have been convicted of offences or crimes involving moral turpitude
- be free of infectious diseases or psychological and mental disorders
- have the ability to support its members and the foster child financially
- undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
- A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.