This is a Korean Buddhist painting, known as a Sinjung or Sinjang (Host of Spirits) t'aenghwa, likely from the 19th or early 20th century. Such paintings were typically part of a larger set and often used in temple rituals during the late Joseon Dynasty. It has blemishes and holes at the corners.
The frame is 54.75" wide and 43.5" tall. The silk, itself, measures 46.25" wide by 35.5" tall.