Gallery operator indicted for counterfeiting Lee Ufan's works

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Prosecutors have indicted a 66-year-old gallery operator on charges of forging artworks made by renowned South Korean artist Lee Ufan. The suspect, identified only by his surname, Hyeon, is accused of receiving some US$1.1 million in 2012 for producing and selling three fake art works.

Hyeon allegedly received an offer from an unidentified antique dealer to fabricate Lee’s works in 2011, in return for 50% of the profits.

The investigation is still under way as the suspect testified that he created some 50 forgeries together with another accomplice, whose identity was withheld.