ARTFEED — Contemporary Art Intelligence

Corporate Funding for South Korean Visual Arts Drops Over 25%

economy-finance · 2026-07-09

Support from corporations for exhibitions in South Korea has decreased by over 25%. The visual arts sector, which encompasses museums and exhibitions, has experienced the most significant impact due to a broader downturn in corporate financial backing for the arts across the nation.

Key facts

  • Corporate support for exhibitions in South Korea fell by more than 25%.
  • The visual arts sector, including museums and exhibitions, is the hardest hit.
  • The decline is part of an overall reduction in corporate funding for the arts in South Korea.

Entities

Locations

  • South Korea

Sources