This paper considers the activities and financial circumstances of culture and art groups as nonprofit organizations (NPOs), emphasizing the importance of nonprofit-based culture and art activities in social development. For overall social development, not only is economic development necessary, but development must include other areas, such as culture and the arts, social welfare, education, religion and local political processes. The NPO sector in Korea became active in the latter half of the 1980s and has continued to develop steadily to the present. However, in the case of NPOs operating in the area of culture and arts, such development has been slowing down. The paper provides a detailed description of the financial circumstances of nonprofit-based culture and art groups in Korea, highlighting the tax system, which has a strong effect on the finances of NPOs. That noted, from the latter half of the 1990s, culture and the arts has been prioritized overall, the result being rapid progress and meaning that the activities of the nonprofit sector in culture and art fields are becoming important in meeting various needs and demands of consumers.
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