South Korea Art Crowdfunding Market Size, Share, and COVID-19 Impact Analysis, By Fee Type (5% Fee, 4% Fee, 3% Fee, and Others), By Art Type (Visual Art, Performing Art, Literary Art, and Others), By Application (Films, Music, Stage Shows, Comics, Journalism, Publishing, Museums, Galleries, and Others), and South Korea Art Crowdfunding Market Insights, Industry Trend, Forecasts to 2035.

South Korea Art Crowdfunding Market Insights Forecasts to 2035

• The Market Size is Expected to Grow at a CAGR of around 9.4% from 2025 to 2035
• The South Korea Art Crowdfunding Market Size Is Expected to hold a significant Share by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Art Crowdfunding Market Size is anticipated to Grow at a CAGR of 9.4% from 2025 to 2035. The market is driven by rising demand for alternative investments, especially among tech-savvy millennials, and the growth of digital platforms enabling fractional ownership. Government support, NFT integration, and increasing interest in art as a collectible asset further propel market expansion.3

Market Overview

South Korean art crowdfunding market is picking up pace as online marketplaces make buying art more democratic. Online marketplaces such as Art Together enable consumers to co-invest in valuable artworks through fractioned ownership purchases, allowing a wider group of people to buy art. The model is attractive for millennials looking for alternative investment and benefits early-stage artists. Platforms such as Wadiz, Tumblbug, and Incujector enable financing of creative projects in visual arts, music, and alternative culture. The onslaught of digital technology, increasing demand for collecting, and smartphone penetration at record levels have further driven the trend. Backing government policies and investors' desire to diversify portfolios are also driving drivers. Concerns such as complicated campaign logistics, customs rules applied to physical art, and poor institutional support remain in the way. The marketplace is all set to expand dramatically, though, with greater innovation, NFTs integration, and art-tech collaborations poised to expand. The culture of art crowdfunding in South Korea is being restructured into a dynamic pipeline for funding, gathering, and engaging in cultural creativity.

Report Coverage

This research report categorizes the market for the South Korea art crowdfunding market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea art crowdfunding market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea art crowdfunding market.

Driving Factors

The South Korean art crowdfunding industry is motivated by rising demand for alternative investments by millennials, popularity of platforms for fraction ownership, and heightened online usage. Support from the government for creative industries and pro-crowdfunding policies also spur growth. Steady high smartphone penetration, ubiquitous online payments, and growing young investor demand for art and collectibles also spur demand. Blockchain-NFT integration is growing transparency and participation, art crowdfunding is becoming more appealing and feasible to more people.

Restraining Factors

South Korea art crowdfunding market is constrained by factors such as low investor consciousness, risks associated with regulating art valuation and right of ownership, and physical constraints in handling artwork physical pieces. Moreover, irregular returns, institutional support shortcomings, and excessive marketing expenses to campaigners constrain expansion. Trust and resale value issues also erode investors' confidence in the market.

Market Segmentation

The South Korea Art Crowdfunding Market share is classified by fee type, art type, and application

• The 5% fee segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea art crowdfunding market is segmented by fee type into 5% fee, 4% fee, and 3% fee. Among these, the 5% fee segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. It provides equilibrium between artist affordability and sustainability for the platforms. The platforms levy this fee on the amounts raised and utilize it to pay for administrative fees, payment processing fees, and platform upkeep. The 5% fee model has been highly supported due to the fact that it offers artists a high payout rate, something that is sought after. In addition to that, this level of fee allows platforms to provide good support services like marketing tools, analytics, and campaign success rate customer support.

• The visual art segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea art crowdfunding market is segmented by art type into visual art, performing art, literary art, and others. Among these, the visual art segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Most of this section is because it has cross-cutting appeal and can be shared with ease, thus very appealing to online platforms. Visual art consist of various art forms like painting, sculpture, drawing, printmaking, photography, video, filmmaking, ceramics, comics, design, crafts, architecture, and digital art, which are appealing to various interests of viewers. The visual aspect of such projects makes them particularly suitable for social media activism, where the artists can easily showcase and sell their projects and interact with potential investors. Visual projects also carry tangible rewards, including printouts and originals, that can elicit donations.

• The films segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea art crowdfunding market is segmented by form into application into films, music, stage shows, comics, journalism, publishing, museums, galleries, and others. Among these, the films segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Its growth is fueled by independent filmmaking's increasing popularity and the availability of crowdfunding as a substitute for conventional capital. Crowdfunding sites have enabled filmmakers to circumvent industry gatekeepers, thus permitting more freedom in creativity and direct audience involvement. Film projects also benefit from backer interest through high visibility, scale, and interactive nature of filmmaking, which in some instances enables backers to participate directly in the production. The expansion of digital distribution of movies and streaming services also offers independent films massive reach and top-line opportunities, also propelling the strong growth of the movie segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea art crowdfunding market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GoFundMe
• Kickstarter
• Patreon
• Makuake
• Wadiz
• Seed&Spark
• Indiegogo
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea art crowdfunding market based on the below-mentioned segments:

South Korea Art Crowdfunding Market, By Fee Type

• 5% Fee
• 4% Fee
• 3% Fee
• Others

South Korea Art Crowdfunding Market, By Art Type

• Visual Art
• Performing Art
• Literary Art
• Others

South Korea Art Crowdfunding Market, By Application

• Films
• Music
• Stage Shows
• Comics
• Journalism
• Publishing
• Museums
• Galleries
• Others