Budget for K-content Finalized at KRW 844.2 Billion for 2023

Jan 19, 2023

The Ministry of Culture, Sports and Tourism (MCST) has announced that a total budget of KRW 844.2 billion, or 12.5% of the Ministry’s total budget of KRW 6.7408 trillion for 2023, has been assigned to creating and promoting K-content for the year to launch Korea into becoming a first-rate culture enjoyed by the public and appreciated by the rest of the world. The MCST intends to create an environment where creative ideas become global intellectual property, and provide all-out support for strategic expansion of K-content export as well as expansion of manufacturing and service industry exports.

Shopping and Tourism Festival with K-Culture marking the Year of Visit Korea

Jan 12, 2023

The Ministry of Culture, Sports and Tourism (MCST) together with the Visit Korea Committee holds the 2023 Korea Grand Sale from January 12 (Thur) to February 28 (Tue). The Korea Grand Sale was held in 2011 for the first time with voluntary participation of various private companies in the fields of travel, accommodation, shopping, and entertainment to promote foreign tourists visiting Korea and increase tourism income during the off-season.

A Glimpse into the Heritage and Modernity of Hanbok

Jan 12, 2023

In celebration of the New Year, the Ministry of Culture, Sports and Tourism (Minister PARK Bo Gyoon, MCST) will present an exhibition of traditional Hanbok together with Korea Craft & Design Foundation (Director KIM Tae Hoon, KCDF) from January 12 (Thurs) to 29 (Sun). Held on the 2nd and 3rd floors of Ara Art Center in Jongno-gu, Seoul, the exhibition will showcase traditional Hanbok clothing and modern Hanbok uniforms under the titles “Traditional Hanbok for Rites of Life” and “Work in Hanbok,” respectively. This exhibition is expected to offer a tantalizing glimpse into the beauty of traditional Hanbok and practical value of Hanbok workwear.

Korean Art Market Sales Surpass KRW 1 Trillion

Jan 10, 2023

The Ministry of Culture, Sports and Tourism (Minister PARK Bo Gyoon, MCST) of the Republic of Korea announced its estimates of the value of the Korean art market in 2022 together with Korea Arts Management Service (President MOON Yeongho, KAMS) Despite the ongoing pandemic and the global economic slowdown last year, the domestic art market reached the highest-ever value of artwork in circulation at KRW 1.0377 trillion, or 37.2% higher than the KRW 756.3 billion from the 2021 factual survey of the art market. By sector, the sales at art fairs and art galleries increased while those at auctions decreased.

2023 New Year Message

Jan 09, 2023

Warm greetings and best wishes for the New Year! The New Year 2023, which is the year of the water rabbit, has dawned. I wish that you will all challenge yourself to a new dream and achieve what you set out to do, while enjoying good health throughout the year. The inauguration of the Yoon Suk Yeol administration opened an era of cultural prosperity. As I reflect on the past year, I feel my heart overflowing with emotions as Korean culture expanded its reach to all corners of the globe.