K-Book Trends -

Search word : "LTI", Search result : 356

[TREND / KNOWLEDGE]

The Rise of Literary Agencies 2021.06.07 There are not many literary agencies in Korea. Most of the publishers prefer working directly with authors over cooperating with agencies. It was common for publishers to think that it is safer to pay more of an advance to overseas writers who have already finished writing their manuscript or are expected to finish them soon rather than domestic writers who have not yet completed their manuscript.The most significant characteristic of the Korean publishing industry would be “diversity.” The system in which up to 6 thousand small- and medium-sized publishers make more than 80 thousand physical titles each year has greatly diversified the types of books published in Korea, but the limited average sales of each title was an expected outcome. In such an environment, it is difficult to invest a sufficient amount of development fee for each title. Hence, even though the literary agent succeeded in discovering fine manuscripts or o...

VOL.35 / 2021.06

[TREND / KNOWLEDGE]

The Translation Academy of the LTI

The Translation Academy of the LTI 2021.06.07 The Translation Academy of the Literature Translation Institute of Korea (LTI) was established to foster translation professionals in the next generation!Since its establishment in 2008, 1,100 students have graduated from the Translation Academy as of 2020!A vast majority of them are currently working in the field of Korean literature and cultural content. CoursesRegular Course - Provides lectures on Korean literature and culture, mainly through Korean literature translation classesSpecial Course - Offers a retraining opportunity for students to become translatorsTranslation Atelier - Provides an opportunity for new translators to obtain knowledge and gain experience to work as professional translatorsAdvanced Course in Cultural Contents Translation - Fosters professional translators of Korean cultural content (films, cartoons (web-...

VOL.35 / 2021.06

[TREND / KNOWLEDGE]

Audiobooks: Issues and Future Developments

Audiobooks: Issues and Future Developments 2021.05.03 Recent issues surrounding audiobooks The voice service provided in announcements, news reading services, or e-book devices uses TTS (Text-to-Speech) technology that converts written letters into sound. As it has no accent and cuts the sentence in weird places, we have to track what it said while listening to the voice. Recently, as more people read books while traveling, e-books are transforming into audiobooks. Most people wish to hear a human’s voice when listening to one. The audiobook market is growing rapidly, but the production time, cost, and technological limitations have been slowing progress down. However, as the A.I. (artificial intelligence) voice synthesis technology is now being applied where it can process natural language, synthesize voices, and recognize the context, listeners can feel as if a real voice actor or actress is reading the story. If this technology becomes capable of expres...

VOL.34 / 2021.05

[TREND / KNOWLEDGE]

Audiobooks in Korea: Users and Service Providers

Audiobooks in Korea: Users and Service Providers Service and Content Providers in Busy Days with Market’s Growing Interest in Audiobooks 2021.04.05 In the previous March edition, we talked about the audiobook industry's current status in Korea and its prospects in 2021. Consumers and service providers play a pivotal role in expanding the market and business opportunities. Furthermore, it is meaningful to witness how they interact with each other in the audiobook ecosystem contributes to the industry’s healthy growth and maturity. In this April’s edition, let’s find what behaviors audiobook consumers have shown to the market. Recently-made audio content enabling interaction among provider and users, providing a new-level of “experience”. As the pandemic is not showing any signs of abating, more people are enjoying audiobooks at home instead of going to bookstores or libraries. In the previous edition, we introduced how “Wela...

VOL.33 / 2021.04

[TREND / KNOWLEDGE]

K-Book Promotion Grants Offered by KPIPA & LTI

K-Book Promotion Grants Offered by KPIPA & LTI 2021.04.05 The Publication Industry Promotion Agency of Korea (KPIPA) and the Literature Translation Institute of Korea (LTI) are providing grants for K-Book promoters!Check out! KPIPA’s Export Community & the LTI’s nternational Exchange Program and PR & Marketing Grants for Overseas PublishersFor those aiming to spread out Korean literature into the world, here’s your chance to receive grants for:Various domestic & international events, the establishment of an online platform, promotional marketing, and more! #Eligible Parties- Export Community : Organizations that host events to promote Korea’s publishing content in overseas markets- International Exchange Program : Event hosts, agencies, and individuals that hold events such as literary festivals, including ove...

VOL.33 / 2021.04

[TREND / KNOWLEDGE]

Korea’s Audiobook Industry Ready to Fly in 2021

Korea’s Audiobook Industry Ready to Fly in 2021 The ongoing rapid evolution and development of the audiobook industry in Korea 2021.03.08 The most striking news in the new year was Influential, the operating company of an audiobook service platform ‘welaaa’, succeeding in winning 25 billion won worth of Series C sole investment from UTC Investment. This is after another mega-investment in 2020, where it attracted 13.5 billion won worth of Series B investment. Such a fast and massive investment implies that the future of the audiobook industry in Korea is rosy indeed. The domestic e-book industry says that the audiobook market's size has reached 30 billion won in 2020 and is likely to hit 60 billion won in 2021, which is nearly double the size. The audiobook market in Korea was formed in the early 2000s, but its size was trivial, with 10 billion won worth volume even until 2018. Given that situation, it is worth paying attention to the movement th...

VOL.32 / 2021.03

[TREND / KNOWLEDGE]

Korea’s Training Programs for Publishers Today and Tomorrow

Korea’s Training Programs for Publishers Today and Tomorrow 2021.02.08 1. The early establishment of educational organizations for cultivating talented publishers The paradigm surrounding planning, editing, producing, and marketing in the publishing market is changing with the rapid transformation of the publishing environment. With the coexistence of the old and modern trends in the market (e-books & paper books or audiobooks, analog & digital, and traditional media & smart media), “publishing” has become a key medium for developing and bridging new content. As we are living in the era of a cultural economy based on knowledge-intensive industries that create original content for the cultural content industry, cultivating talented publishers that are capable of understanding the attributes of content and consumers’ desires has become a key factor in developing the publishing industry. Considering this trend, the importance of train...

VOL.31 / 2021.02

[TREND / KNOWLEDGE]

Tax & Accounting Issues in Korea’s Publishing Industry

Tax & Accounting Issues in Korea’s Publishing Industry 2021.02.08 Recent trend in the Korean publishing market Looking at the overall trend in the history of the Korean publishing market, paper books had been taking the center for a long time. However, e-books or the “e-book market” emerged, and today, publishers are having a greater interest in exporting copyrights of publications. This phenomenon has led to reduced demand for physical facilities, spurring the establishment of single-person publishers and small-sized publishing companies. This article covers tax and accounting issues related to the publishing industry in Korea. Tax structure related to publishing in Korea The types of tax imposed on publishers running a business in Korea are as follows: 1. Value-Added Tax (VAT) Publishing companies are primarily VAT-exempt business entities. However, more publishers are expanding their business to selling products ...

VOL.31 / 2021.02

[INFORMATION / INFO]

2024 Overseas Publication Grants: Guidance for Applicants

Info 2024 Overseas Publication Grants: Guidance for Applicants 2024.05.07 KPIPA provides Overseas Publication Grants for the overseas publishers who have imported or are planning to import Korean publication copyrights. Overview of grants • Qualification: Overseas publishers who have imported or are planning to import Korean publication copyrights - Books that have been published or are to be published in local markets, beginning November 1st, 2023 to October 31th, 2024 - Such books must be published in the time period and be submitted to the Publication Industry Promotion Agency of Korea (“KPIPA”) by November 11th, 2024 (Monday) - Publishers can apply up to only 5 titles maximum • Scope of selection: Around 50 books will be selected, and grants ...

VOL.70 / 2024.05

[INFORMATION / AGENCY LIST]

Agency list

Agency List Agency list 2024.05.07 Abba Communication Ltd. Launched as a translation and interpretation agency in 204, Abba Communication (Abba here after) now also acts as a copyright agency. Abba supports young Korean publishers who are aspiring to build experiences in moving on to the international market, providing consultation on the way until they become global. Abba’s special forte is its excellent professional team with expertise in re-writing and/or editing synopses and introductions into texts both competitive and persuasive. Other services Abba provides include translating original materials and creating promotional texts. Focused Subjects LiberalArts : Biography, Management, Negotiation Contacts • Kim jungsukE-mail : jskim@abbacomm.co.kr / Phone : +82-2-707-2103 / Regions : Asia, UK, USA • Han-gyul GoE-mail : abba@abbacomm.co.kr / Phone : +82-2-707-2103 / Regions : Asia, UK, USA ...

VOL.70 / 2024.05

VOL.70/2024.05

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