Korean art market

Seoul has all the ingredients for success—can Frieze now take its market to the next level?

The city’s collectors, museums and state support make it a key player in Asia—but sales from the fair show its market is still nascent

Dealers look to Frieze Seoul after bumpy year for Korean art market

After breaking records in 2022, South Korea's art sales have dropped to pre-Covid 19 levels amid wider economic problems

The young MZ collectors driving Korea's art market boom are only just getting started, finds new government study

The report's author breaks down her findings, from gender splits to price points and why buying art is becoming more desirable among under 40s

Henna Joo. With additional reporting by Lisa Movius

Perrotin and Pace galleries announce Seoul expansions—while other Western dealers test Korean waters via group show

With the inaugural Frieze Seoul opening in September, more international gallerists are staking a claim in the city's rapidly expanding scene

Korea International Art Fair reveals 164 galleries for its 21st edition

Korea’s longest-running art fair will feature more than 100 Korean galleries and run concurrently with its satellite fair, Kiaf Plus, and the first edition of Frieze Seoul

Seoulnews

Frieze reveals the 118 galleries taking part in its inaugural Seoul fair

The global fair brand will bring an international flavour to the Korean capital when it debuts this September, but exact terms of its partnership with the Kiaf fair remain unclear

For the first time ever, a Korean museum is selling off 'national treasures' at auction

Two bronze Buddha statues are likely to make records for cultural artefacts at auction in Korea

Shots fired: South Korea's galleries plan sale to 'warn' auction houses against speculation and 'extreme capitalist logic'

Seoul's biggest auction houses have allegedly violated an agreement made with Galleries Association Korea to ensure "healthy balance" within the art market

Art marketarchive

Tax breaks fuel Korean sales

Buyers were active in recent auctions and three new art funds have been started