south korea president orders major arts investment

South Korea President Yoon Suk-yeol has announced a $3.7 billion fund to support film, TV, art, and cultural projects, along with plans to transform the historic presidential residence Cheong Wa Dae (Blue House) into a cultural complex modeled after France's Palace of Versailles. The initiative aims to boost the country's cultural sector ahead of major art events including Frieze Seoul, Kiaf fairs, and the Busan Biennale. President Yoon also directed that state-owned art collections, including 23,000 works from the late Samsung Group chair Lee Kun-hee, be made accessible through nationwide tours, and that government art purchases prioritize works by disabled and emerging artists.

Why Italy's cultural wealth never really enters public accounts and budgets?

Perché la ricchezza culturale italiana non entra mai davvero nei conti e nei bilanci pubblici?

Italy has exceeded the European Commission's structural adjustment path by 0.1 percentage points of GDP, reopening fiscal scrutiny. Amid this debate, the article highlights a deeper issue: Italy's immense cultural heritage is drastically undervalued in public accounts. For example, the Pompeii Archaeological Park is recorded at just €48.9 million, the Colosseum at under €15 million, and the Uffizi at about €2 billion—figures based on outdated 2002 ministerial criteria that bear no relation to actual economic or cultural worth. The State General Accounting Office, with the University of Roma Tre and EU technical assistance, has proposed a new methodology to value cultural assets by discounting their future net financial flows, including direct revenues and indirect tourism-related returns.

Future cultural professionals in Africa will be trained by six Italian museums

I futuri professionisti della cultura in Africa saranno formati da sei musei italiani

The fourth edition of the International School of Cultural Heritage (Scuola Internazionale del Patrimonio Culturale) is underway, with 23 cultural professionals from 12 African nations participating in a hands-on training program hosted by six Italian museums. After online modules and a week of lectures in Rome, the residential phase runs from April 27 to May 22, 2025, placing participants at the Museo delle Civiltà (MUCIV), the Archaeological Parks of Praeneste and Gabii, the National Archaeological Museum of Taranto (MArTA), the National Archaeological Museum of Naples (MANN), the National Archaeological Museum of Reggio Calabria (MArRC), and the National Archaeological Museum of Agro Falisco and Forte Sangallo in Civita Castellana. The program, titled "Managing Art Collections: from ancient to contemporary," focuses on collection management, conservation, and public programming, linking archaeological heritage with contemporary practices.