South Korea’s cultural policy has played a significant role in its rise as a global soft power, influencing economic growth, international diplomacy, and national identity. This paper explores the mechanisms behind South Korea’s cultural governance, particularly in the digital age, and examines its applicability to the Himalayan region. By analysing policies that have fostered the K-wave (Hallyu), such as government support for creative industries, digital infrastructure, and global partnerships, this study identifies key governance strategies that could be adapted for cultural policy development for developing countries. Based on the secondary data, this paper not only analyses the historical evolution of cultural development in South Korea but also discusses challenges of regulatory issues, funding structures, and balancing cultural preservation with globalisation. Through a comparative analysis, this study offers policy recommendations for leveraging cultural governance as a tool for economic advancement in emerging markets and also sustainable cultural diplomacy for developing countries.