KOREA – Artists Resale Right


"Korean artists will soon be entitled to a cut of their work’s resale price, part of a sweeping set of new policies announced by the Culture Ministry on Monday.

The policies, which Ministry of Culture, Sports and Tourism officials announced in the government complex in central Seoul, also include the introduction of standardized contracts between artists and museums, galleries or other institutions. They also require that payments be made to all artists whose work is included in government-sponsored art projects."