According to the recently released 2024 Artist Status Survey, 75.7% of artists earn less than 12 million KRW annually, while 31% report having no income at all. The average household income of artists is over 20 million KRW lower than the national average, with severe income disparities particularly evident in photography, literature, and fine arts.
2025.03.11
The Korean art scene is experiencing what can truly be called a "blockbuster boom." One after another, exhibitions of internationally renowned artists—Van Gogh, Hopper, Munch, Basquiat—are being held in Korea, resembling the global tours of pop stars.
2025.02.25
Since the 2000s, the Korean art world and art market have undergone remarkable expansion, growing significantly in scale. This growth is reflected in the dramatic rise of the domestic art auction market over the past 24 years. According to research conducted by the Korea Art Price Appraisal Association (Chairman Kim Young-Seok) and Art Price (CEO Ko Yoon-Jeong), the market has expanded 1,830 times during this period.
2025.02.11
In the 21st century, South Korea has solidified its position as a global cultural powerhouse. K-pop dominates the global music industry, and K-dramas and K-literature have seamlessly entered people's daily lives worldwide, bridging popular culture and fine arts.
2024.12.17
In 2024, a massive financial scandal rocked the South Korean art market. An art trading company called GALLERY K attracted large sums of money by promising investors a 7-9% annualized return and guaranteed principal, but recently, a class-action lawsuit by customers has revealed the full story.
2024.11.19Leonard Bernstein (1918-1990, Musician)
In this evolving environment, the Korean art market experienced its second golden era, transitioning from the late 1980s to the early 1990s. As the nation underwent a pronounced economic expansion and greater integration into the global sphere, the art scene also thrived.
2023.09.03
The Korean art market has experienced significant peaks and troughs approximately every ten years since the 1970s. This article explores the first wave.
2023.08.31
From 1990 to the present, the collections acquired by the MMCA have reflected the social trends of the times. By looking back at the history of the MMCA’s collections, we can see the identity of the museum and the history it hopes to write in the future.
2023.06.19
An art museum’s collection reflects the values of its contemporary society. The collection of the National Museum of Modern and Contemporary Art, Korea (MMCA) is a manifestation of the institution’s core values and their adaptation to the shifting tides of society.
2023.06.12
Hyundai Motor Company has been supporting the works of numerous artists through different art institutions with the aim of providing a variety of experiences to a larger audience.
2023.03.20
