Yoo Youngkuk Art Foundation aims to commemorate the artistic achievements of Yoo Youngkuk as well as the contribution he has made to Korean modern and contemporary art, and to succeed on his artistic legacy. Moreover, it was established to invite the public to take part in enjoying his works of art and Korean art culture as a whole. Since its establishment in 2003, the Foundation has been unfolding various activities to facilitate the development of arts and culture.