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Gallery operator indicted for counterfeiting S. Korean artist‘s works

Prosecutors said Wednesday they have indicted a 66-year-old gallery operator on charges of forging artworks made by renowned Korean artist Lee U-fan.

The Seoul Central District Prosecutors’ Office said the suspect, identified only by his surname Hyeon, is accused of receiving some 1.3 billion won ($1.1 million) in 2012 for drawing and selling three fake artworks.

The 66-year-old allegedly received an offer from an unidentified antique dealer to fabricate Lee’s works in 2011, in return for 50 percent of the profits, according to prosecutors.

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