Singapore court gives green light for bridal services firm Korea Artiz Studio to wind up
The winding-up application filed by CF Consultancy was granted on Oct 9.
The Supreme Court of Singapore has permitted the closure of wedding photography studio Korea Artiz Studio, according to a ruling announced on October 21. The decision came after the studio's representative missed their hearing on October 9, leading to the grant of the winding-up application filed by CF Consultancy. CF Consultancy had nominated three individuals from Avery Corporate Advisory as the provisional liquidators, as reported in a Gazette notice published on September 28.
Korea Artiz Studio, which originated in Busan, South Korea in 2008, is a high-end bridal photography brand with international studios. The studio abruptly ceased operations on August 14 following the non-payment of staff salaries. The premises were subsequently seized by Carlton Hotel. The dismissal of the studio has impacted 393 customers, many of whom are members of a Telegram group chat formed to discuss the situation.
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