Gerald Lidstone, director of the Institute of Creative and Cultural Entrepreneurship at Goldsmith University of London, highlighted two difficulties encountered by Hong Kong art institutions when carrying out cultural exchange projects, the first is financing. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay As financial burden is a big concern when organizing art events, funding is always the main issue for organizers. In Hong Kong, an arts institution can seek sponsorship from businesses and charitable foundations, and government funding is also open to artist applications. "The problem with any government funding for cultural institutions, especially state funding, is that "the art must fit the viewing structures of their sponsors.......might lose their intrinsic motivations to showcase other works and art forms. “Many cultural exchange projects are limited by the rigid direction set by the funding proposal, which undermines the potential for creativity and flexibility. There is often a fear that artists will lose motivation to engage in other art forms in order to obtain government funding, as this would reverse the purpose and outcome. However, it shows how difficult it is to obtain government funding and this is the main focus of the research. In order to facilitate cultural exchanges with other countries, the Korean government has established various funding for artists to develop the art sector. “After the Asian financial crisis, President Kim Dae-jung established a special fund to establish the Cultural Content Office...which now constitutes the “core” of Korea’s soft power strategy. » A tool of soft power, Korea The government has made efforts to promote the art industry around the world, through the most direct means: funding. Artists can apply for funding when organizing arts events. For example, the Art Council Korea (ARKO) is the largest funding agency run by council members appointed by the Korean Ministry of Culture, Sports and Tourism. It accepts funding requests for the organization of artistic events and supports the financial needs of artists, making it a very important variable in the organization of events. According to the case studies conducted in my research, artists apply different types of funding depending on their art forms and receive funding from different organizations in the government arts funding department or sometimes also from the private sector. However, a problem arises when the application often poses problems for candidates with complicated procedures. First, many documents and supporting documents must be submitted, which is difficult for small art businesses. Second, it takes time not only to submit applications, but also to confirm successful applications and transfer funding. Due to different policies related to art and culture in different countries, certain administrative procedures are required when applying for funding for cross-border arts events. This slows down progress in confirming successful candidates, and it then takes more time to transfer to the other country, which often creates other related problems. A.