Korean art has lately gained significant international attention and popularity, both in Asia and around the rest of the world. From traditional calligraphy to contemporary paintings, Korean art offers a varied range of styles and mediums that have captivated art collectors and enthusiasts alike.
However, beyond the aesthetic value, investing in Korean art can also bring a range of financial benefits. In this article, we’ll explore the benefits of investing in Korean art, and why it is a smart and rewarding choice for investors.
A growing market for Korean art
According to the Korea Arts Management Service, the export value of Korean art has doubled over the past decade, reaching $448 million in 2019. As Asian art and culture get more recognition around the world, Korean artists and their unique styles are in high demand.
The success of Korean art in international auctions is also driving the demand for Korean art. This makes investing in Korean art an attractive option for both seasoned collectors and first-time buyers, as it offers the potential for both cultural enrichment and financial gains.
Initiatives like the Kaesong Collection give a unique opportunity to own a piece of contemporary Korean art – this exclusive collection feature works by emerging and established artists from South and North Korea. Each piece showcases distinctive styles and techniques of Korean art, with many of the artworks rewarded at international exhibitions. For more information, check out the Korean art collection Kaesong.
Investment Potential of the Korean cultural exchange
Investing in Korean cultural exchange is becoming a great investment opportunity. The Korean government has been actively promoting Korean art and culture overseas through initiatives like the Korean Culture and Information Service and various Korean Cultural Centers around the world.
These efforts have not only raised awareness of Korean art but also created opportunities for Korean artists to showcase their works and engage with international audiences. As Korean art continues to grow in popularity, it becomes a valuable addition to any art collection or investment portfolio, offering additional insights into Korean culture and its artistic traditions.