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Korean art market is expanding, but still faces challenges to becoming Asia s hub

HONG KONG - The Korean art market has not been the first choice for collectors over other options like the U.S., Hong Kong or the U.K. when art auction season starts. But with Korea s increasing cultural footprint in the world, demand for Korean artworks has also grown. The latest indication of this trend is Frieze s art fair that was held in Seoul in September of this year, which was the first-ever art fair in Asia that drew over 110 galleries.

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