Korea Art Market Forum 2026 took place on September 30 at Art Korea Lab in Gwanghwamun, jointly organized by the Paradise Cultural Foundation and the Business Research Institute at Seoul National University. Marking five years of collaboration between Kiaf and Frieze, the forum addressed Korea’s gallery landscape, art fairs and cities, and young artists. Sang-Hoon Kim, a professor at Seoul National University Business School, delivered the opening remarks.

An archive is not a warehouse in which materials are simply accumulated. It is a structure that preserves and reconnects the relationships between them. Consider a single work of art. Its title and artist’s name are not enough to fully understand it. When was it made? What materials does it comprise?

The 16th Gwangju Biennale opened on September 5, 2026. Titled 《You Must Change Your Life》, the biennale presents its main exhibition and pavilion projects through November 15.

On July 1, the Ministry of Personnel Management opened a public recruitment process for a new director of the National Museum of Modern and Contemporary Art, Korea (MMCA). The term of current director Kim Sung-hee expires this September. As the search began, the names of several potential candidates quickly started circulating within the Korean art world.

On July 26, 2026, the Art Services Business Registration System came into effect under the Art Promotion Act. Businesses operating in six categories—galleries, art auctions, art advisory services, art rental and sales, art appraisal, and art exhibitions—are now required to register with the relevant local authority.

Art spaces are more than venues for exhibiting works of art. They serve as vital intermediaries that discover new artists, generate critical discourse, and connect audiences, markets, and institutions. Changes in these spaces, therefore, are not simply matters of individual organizations adopting different modes of operation. They are important indicators of how the contemporary art ecosystem has evolved and the direction in which it is moving.

The Korean art market experienced significant shifts in 2024, with notable fluctuations in auction performance and art fair dynamics. In particular, the total hammer price in Korea’s domestic art auction market saw a 26% decline in the third quarter compared to the previous year, fueling concerns over an ‘art fair crisis.’

Ha Chong Hyun (b. 1935) is regarded as a pioneer of Dansaekhwa (Korean monochrome painting) in contemporary Korean art. His representative series, ‘Conjunction’, has played a crucial role in introducing Korean abstract painting to the global art scene.

In the contemporary art market, George Condo is recognized for his original style and strong portrayal of characters. His works fetch high prices at auction and often appear in the collections of high-profile collectors.

On November 20th, Maurizio Cattelan’s artwork, Comedian, once again stunned the world when it sold for $6.2 million (approximately KRW 8.67 billion) at Sotheby’s in New York. This event transcends mere sensationalism, offering a philosophical lens to reassess how contemporary art functions within the capitalist system.

Jong Oh has been creating work that involves staying in the space where his pieces will be installed, observing and feeling the architectural elements and invisible sensations of that place, and visualizing these through constructive forms.

What we commonly refer to as "art" (예술 in Korean) consists of "craft" (藝) and "technique" (術). The English word "art" originates from the Greek word "ars," meaning technique (techne). Before the 17th century, practical arts such as architecture, crafts, and design were all referred to as "art." However, as painting and sculpture separated from architecture, they came to be called fine art.