Jae Hoon Lee has been selected as a finalist for the 2012 Sovereign Asian Art Prize. The jury for this year's US$30,000 award is David Elliott, director of the 17 Biennale of Sydney; Emi Eu, director of Singapore Tyler Print Institute; Lars Nittve, director of M+, Hong Kong; Tim Marlow, director of White Cube and Philip Tinari, Director, Ullens Centre for Contemporary Art, Beijing.