Back in mid-2000s, when the art market in Asia was kept under the radar and all eyes were on the rise of China, South Korea was quietly enjoying its first taste of an art boom. It was an era that saw the mushrooming of art spaces, museums, and biennales, as well as an art market explosion driven by record-breaking local auction sales and an abundance of new galleries centering around the country’s capital of Seoul. Then, the global financial crisis hit in 2008, and that sudden expansion was suddenly gone.