South Korea/ 6. Financing of culture  

6.3. Trends and indicators for private cultural financing

Private financing for the nonprofit culture is not a familiar concept. It could be rather stated that private contribution for the arts has taken place through the Korean Mecenat Association from 1994. Private corporations have been finding arts and cultural organization of their interest of support. The amount of contribution through the Mecenat Korea has been fluctuating but has reached the peak in 2007(187.6 billion Won) and is in a declining trend until 2011 (162.6 billion Won).

Chapter published: 29-11-2013