KOREA FOUNDATION

ASEAN GALLERY

Singapore's rise in the Asian art market
By_ JeongEun-gyeong, CEO of EK Art Gallery

A flight between Singapore and Korea takes about six hours. It is relatively far compared to Hong Kong, which can be reached in about three and a half hours. Compared to the number of Korean galleries participating in satellite fairs such as Art Basel held in Hong Kong, few join the art fairs in Singapore. With the situation in the art market taking a downturn in Hong Kong due to political instability, Seoul and Singapore are being considered potential art cities to replace Hong Kong. Meanwhile, following the stagnation of Art Stage Singapore since 2019, the Singapore Spring and Autumn Editions of the Affordable Art Fair, an international, contemporary art fairheld in different cities around the world, are attracting more attention from local collectors. The number of Korean galleries participating in Affordable Art Fair Singapore is increasing every year, and the sales are also growing significantly. EK Art Gallery has also participated in the Affordable Art Fair Singapore for several years, show casing amazing art by leading Korean artists to local collectors.

Singaporean galleries also visit Korea to introduce their own artists and contemporary art. If you are interested in Singaporean art, visit the Singaporean gallery booths at the Korean International Art Fair (KIAF), held every October at COEX in Seoul, and at Art Busan, held every May at BEXCO in Busan. You can enjoy many artworks within a short period. In addition to art fairs, art exchanges between Korea and Singapore are taking place through artist residence programs and exhibitions at art galleries.