I would like to share this article: "The Difference Between Color Correction and Color Grading". By Jourdan Aldredge.
Color correction is a singular process that involves making adjustments to an image to “correct” any deviations from its standard appearance. These corrections include: Exposure, White Balance, ISO Noise, Contrast Color correction can be used to cover mistakes made with camera settings as well as to pull more information from flat-profiles. You should color correct your footage whenever possible, as it creates cohesion between shots. Color Grading is a multi-process that can change the visual tone of an entire film. Once your footage is corrected, you can work to change the thematics and aesthetics. Grading is used more as a brush to paint a picture with purpose. These include: Shot Matching, Removing Objects, Shape Masks Cinematic Looks (day-to-night, underwater, flashbacks, etc…) Color grading is considered a more “high-end” process than color correction and it’s not used quite as often for most videos. If you are looking to create more detailed color profiles, be prepared for more labor intensive editing and longer render times.
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Photo by Fiore, Santa Fe National Forest.