A South Korean court has ruled that the late Kim Woo-jung, founder of the Daewoo Group, did not own the iconic “My Faust” artworks by the renowned video artist Nam June Paik. Instead, the court determined ownership belongs to Kim’s wife. The dispute centered around two pieces: “My Faust – Economics” and “My Faust – Spirituality.” The legal battle involved complex questions regarding the acquisition and transfer of the valuable artworks. The ruling clarifies the rightful owner of the significant pieces of Korean modern art. The decision offers closure to a long-running dispute concerning the legacy of both Paik and Kim. This case highlights the intricacies of art ownership and inheritance within prominent Korean families.