
On
August 8, Seoul’s National Assembly Members’ Office Building played host to a
marathon policy seminar, ambitiously titled “Legal Support Measures for Art
Market Revitalization.” Co-organized by lawmakers Kim Seung-soo and Park
Soo-hyun, the Korea Galleries Association, the Korean Society of Arts &
Cultural Law, and Kyungpook National University’s Law Research Institute, the
event drew an impressive roster of legal experts, academics, and art industry
representatives.
Across
three tightly packed sessions, speakers tackled some of the most discussed—and
most divisive—issues in Korea’s art policy: the introduction of resale royalty
rights (droit de suite), a new registration system for “art service
businesses,” and tax reforms aimed at incentivizing corporate art purchases.
The ambition was clear: to build a legal framework capable of supporting a
sustainable and transparent market.
But
beneath the five hours of legislative discussion, a deeper critique emerged—one
that speaks to a structural blind spot in Korean cultural policymaking.
The Policy Agenda: Rights, Registration, and Revenue

「Legal Support Measures for Art Market Revitalization」Discussion at the Policy Seminar / Photo: Galleries Association of Korea
The
first session, led by U.S. attorney Yu Kyung Lee of Danziger Law, set the tone
by unpacking the logic behind resale royalties, reviewing international
precedents, and proposing a Korean model. While the intent drew broad
agreement, panelists such as Professor Jae-min Lee (Changwon National
University) and Baek Dong-jae (Korea Galleries Association) urged caution,
pointing to the mixed results of similar systems abroad and the risk of
dampening market activity.
The
second session shifted focus to the constitutional legitimacy and market impact
of registering art service providers. Researcher Joo Min-ho (Kyungpook National
University) argued that without a clear, socially accepted definition of what
constitutes a gallery—or its role—regulation could become a blunt instrument,
eroding autonomy rather than fostering transparency.
In the
third session, tax accountant Kwon Min called for targeted tax incentives for
corporate art acquisitions, framing artworks not merely as private assets but
as cultural public goods. Professors Hwang Heon-soon and Lee Chang-kyu backed
the idea, identifying tax reform as a potential driver of market growth.
A Familiar Problem: Policy Without Groundwork

Yet
for many observers, the proceedings carried a familiar flaw. The legislative
machinery was turning—but without the raw material of real market data. “If the
basic framework is out of step with reality, revising individual clauses will
achieve little,” one gallery owner noted. “The law may change, but the market
will remain the same.”
This
gap between legislative theory and market reality is hardly new. Similar
critiques have dogged other policy seminars under the Ministry of Culture,
Sports and Tourism, where programs often prioritize measurable short-term
deliverables and report-friendly outcomes over probing the root causes of low
trust, opaque transactions, and the underdevelopment of distribution channels.
The Missing Step: Systematic Field Verification
Experts
at the seminar outlined what they see as an essential precursor to any legislative
design: institutionalizing field verification. Proposals included:
- Nationwide
public hearings by art genre and market scale
- Real-name
surveys to capture transactional patterns, tax awareness, and experiences with
existing laws
- Mandatory
incorporation of hearing outcomes into legislative drafts
- A
“no armchair policymaking” principle, prioritizing on-the-ground data over
theoretical projections
In his
closing remarks, Kim Seong-ryong, president of the Korean Society of Arts &
Cultural Law, called for legislation to be understood “not as regulation, but
as a tool for balancing the ecosystem.”
Beyond the Shape of the Law
As a
discussion of legal and fiscal levers, the seminar was substantive. But as a
roadmap for revitalizing Korea’s art market, it fell short. By keeping the
conversation largely within the boundaries of existing legislative frameworks,
the event risked reinforcing the very disconnect it aimed to bridge.
If
“revitalization” is to be more than a policy slogan, the priority must shift
from perfecting the form of the law to nurturing the ground in
which it must take root. Without that grounding, even the most elegantly
drafted provisions will fail to change the lived reality of the Korean art
market.