Home > Asian Art, International, Korean, Museums/Galleries > Art Museums in South Korea

Art Museums in South Korea

I recently read that South Korea does not impose any taxes on transactions imposing art property, and that works of art are exempt from transfer and inheritance taxes.

I also read that six South Korean art museums came into existence through the help of chaebol (conglomerates). Chaebol are major collectors, and their families run, or are involved with the six museums. Likewise, three of the largest sponsors of the MoMA (Museum of Modern Art in New York) are Korean: Samsung, Hyundai Card and  Hanji.

Several South Korean artists are also well known, Lee Bul, and I previously featured Lee-Ufan and his sculptural pieces.

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Lee Bul, famous South Korean contemporary artist

Cheers,

Elisabeth and Natasha

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