Written by 11:09 AM Lifestyle

Each Artist’s Annual Income Only 10.55 Million Won… 41.3% of the National Average

“Domestic artists earn an average income of only around 10 million KRW from their artistic activities in a year.”

“It has been identified that the proportion of full-time artists slightly exceeds 50%, indicating an urgent need to establish a stable income structure for artists.”

“According to the ‘2024 Artist Status Survey’ released by the Ministry of Culture, Sports and Tourism, in collaboration with the Korea Culture & Tourism Institute, the average annual income per artist in 2023 was 10.55 million KRW.”

“This figure is only 41.3% of the national average annual income per capita, which was 25.54 million KRW the same year.”

“The average annual household income for the households to which the surveyed artists belong was found to be 45.9 million KRW, approximately 22 million KRW less than the national average annual household income of 67.62 million KRW.”

“The proportion of full-time artists was 52.5%, with half of the artists taking on side jobs, and 23% of the artists experienced a career break of more than a year.”

“The ‘Artist Status Survey’ by the Ministry of Culture, Sports and Tourism is conducted every three years in accordance with the Artist Welfare Act. This survey was conducted over two months from December last year to January this year, involving face-to-face interviews, online, and phone surveys with 5,059 artists across 17 regions nationwide.”

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