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[TREND / KNOWLEDGE]

Korean Publishing Industry's Crisis and Its Future

Publishing Industry   Korean Publishing Industry's Crisis and Its Future   2022.01.03   The Korean publishing industry seems to be facing one of its biggest crises as the new year 2022 approaches. Last year, Korea's 2nd largest book wholesale distributor, Interpark Songin, proceeded with insolvency, and the 3rd largest bookstore Bandi & Luni's (Seoul Book Center), is to be under corporate rehabilitation. Seoul Book Center was expected to go through the procedure considering its unhealthy financial status. Nevertheless, the expectation being realized brought chaos to many partnered publishing companies. From a macro view, how should we interpret the situation faced by the publishing industry? Before we think about the current situation, let's see how big players Interpark Songin and Seoul Book Center came to crumble.   Interpark Songin and Bandi & Luni's news stirred many publishing companies.   June 2020, Korea's 2nd largest book whole...
  • VOL.42 / 2022.01
[INFORMATION / BEST SELLERS]

1st Week, December 2024

Best Sellers   1st Week, December 2024 Best seller Trends in the Three Biggest Online Bookstores in Korea   2025.01.06   The first week of December marks a time to stand at the year’s end and reflect on the time that has passed. It’s also a good time to curl up with a nice book, review the year, and prepare for the new year ahead. In Korea, the excitement over Han Kang’s Nobel Prize in Literature has yet to fade. Readers continued to celebrate Han’s award this month, and the reading fever has never stopped. The book, Trend Korea 2025, which came in at No. 4 despite the competition with Han’s works, has been on the best seller list since its publication, showing readers’ interest in new year trends.Meanwhile, Happy Birthday, which came in at No. 8, is a book by Baek Hee-Na, winner of the Astrid Lindgren Memorial Award, which is regarded as the Nobel Prize for children’s literature. It is a picture book that tells an extraordinary story of re...
  • VOL.78 / 2025.01
[INFORMATION / AGENCY LIST]

Agency list

Agency List   Agency list   2025.01.06   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 : +82-2-707-21...
  • VOL.78 / 2025.01
[TREND / KNOWLEDGE]

The Current State of Korea’s Libraries and Their Relation to the Publishing Industry

Publishing Industry   The Current State of Korea’s Libraries and TheirRelation to the Publishing Industry   2021.11.01     Libraries have been around for a very long time in Korea, but the same cannot be said for libraries that fall under the modern definition. Pioneers who wanted to establish a new country as the late 19th century Joseon Dynasty passed, followed by the early 20th century Korean Empire, had the goal of establishing libraries under the modern concept. However, due to the arrival of Japanese colonization, they could not achieve the goal, and the concept of libraries changed as they became more of a tool for colonization. Finally, in 1945, colonization was brought to an end, and the country was liberated, but hardship struck with the Korean War that followed soon after. However, with the growth of the economy and the expansion of democracy, libraries have been endlessly changing and advancing to support the growth of citizens, the real...
  • VOL.40 / 2021.11
[INFORMATION / BEST SELLERS]

1st Week, November 2024

Best Sellers   1st Week, November 2024 Best seller Trends in the Three Biggest Online Bookstores in Korea   2024.12.02   It’s the first week of November in Korea, where the late fall scenery is at its peak. In the midst of a great season for reading, the overall reading boom has been spearheaded by Han Kang, an acclaimed writer in Korea. The afterglow of her Nobel Prize in Literature has hardly faded, and her novels have continued to dominate the best seller lists this month following on from last month. For example, readers’ hearts have continued to be mesmerized by Human Acts, which hit the number one spot in all 3 online bookstores following last month. This was followed by The Vegetarian, which was adapted into a play in France and attracted even more attention, and We Do Not Part, the most up-to-date title, came in third. In addition, her The White Book, I Put the Evening in the Drawer, and Greek Lessons, which sparked a reading frenzy, also made the best ...
  • VOL.77 / 2024.12
[INFORMATION / AGENCY LIST]

Agency list

Agency List   Agency list   2024.12.02   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 : +82-2-707-21...
  • VOL.77 / 2024.12
[TREND / KNOWLEDGE]

Current Status of the Korean Standard Publishing Distribution Data Hub System (BookNet Korea)

Publishing Industry   Current Status of the Korean Standard Publishing Distribution Data Hub System (BookNet Korea) Start-Challenge-Change-Global   2021.08.02   In terms of the market volume, Korea is the 6th largest publishing powerhouse in the world, following the United States, China, Japan, Germany, and Great Britain, who are leaders of the global publishing market, publishing more than 65 thousand titles each year. Various excellent K-books have been recently mesmerizing international readers alongside K-pop, K-drama, and K-movies as well.   Start   However, let’s look into the environment surrounding the distribution of publications in Korea. Information exchanges among publishers, distributors, and local bookstores are not active, hampering systematic marketing activities. The reality in the distribution part is failing to catch up with the advancement of the publishing market. Also, as publishers, distributors, bookstores, and libraries set up their ow...
  • VOL.37 / 2021.08
[TREND / KNOWLEDGE]

Book Funds and Publication

Book Funds and Publication   2021.07.05   From support and cooperation to investment and profit   It is impossible to trace the origin of book funds. They would have existed from the infancy stage of the publishing industry as one of the various ways of publication. Certain stories could be deemed good stories necessary for the world, but for them to be published in the market as a product called books, you need capital. Funds might have been used as a means to raise money. Indeed, the nature of funds in the past would have been closer to support and cooperation (of course, I cannot look into what those fund-raisers had in mind), whereas funds today are more focused on investment and profit-sharing (people might have different thoughts as well but most of the funds I participate in are supportive and cooperative).In the Korean publishing industry, book funds only account for a small proportion, both in terms of attempts and size of investments. It was the early 21st cent...
  • VOL.36 / 2021.07
[TREND / KNOWLEDGE]

The Rise of Literary Agencies

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
[INFORMATION / BEST SELLERS]

2nd Week, October 2024

Best Sellers   2nd Week, October 2024 Best seller Trends in the Three Biggest Online Bookstores in Korea   2024.11.04   It is fall in Korea, a time of year that seems to fly by so quickly that it feels even more precious. In this season, perfect for reading, Han Kang’s winning of the Nobel Prize in Literature has caused a huge sensation in the Korean publishing market. As the first Korean and second Asian to win the Nobel Prize in Literature, Han Kang’s literary success immediately translated into her books becoming best sellers. The jubilation, excitement, and compliments were expressed in the form of “Read Han Kang” by readers. With the festive vibe sweeping through the publishing industry, an unprecedented phenomenon happened: a single author’s works began to dominate the best seller lists. Readers’ interest in Han Kang’s works led tomost of her books selling out, and the excitement of winning the Nobel Prize in Literature was so intense that it overwhe...
  • VOL.76 / 2024.11
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