K-Book Trends -

Search word : "Web novel", Search result : 44

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Publishing Industry Book Pricing Strategies in Korea 2023.07.03 Average list price of books sold in 2022 was 17,869 Korean won In Korea, books are usually sold at a fixed price. It’s because the “fixed book price policy” is implemented as the book price policy in accordance with the Publishing Industry Promotion Act. According to the Korean Publishers Association’s statistics, the average fixed price of books in Korea in 2022 was 17,869 won, 4.4% up from the previous year (17,116 won). This isn’t a sharp increase considering the international pulp prices and domestic labor costs that have been driving prices up in recent years because publishers sell books at a “competitive price” as they fiercely compete with multiple titles in the market.In the Korean publishing market, the hardback, paper...

VOL.60 / 2023.07

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Domestic Video Content Originating from Literature

Publishing Industry Domestic Video Content Originating from Literature 2023.04.03 We are living in an era of stories. In the 21st century, humans, who have evolved through tales, start their lives in stories, experience mood changes like a roller coaster, and consume numerous stories based on how they feel and what they like. Global OTT dominates our pastime these days. Netflix, the world’s largest OTT platform, has 220 million paid subscribers. One noticeable fact is that more than 60% of paid subscribers of Netflix in 2022 watched at least one Korean content, which proves the prowess of Korean products. Netflix released this year’s lineup, and there are a whopping 28 pieces from Korea, starting with its original series, “The Glory.” Netflix seems to be invested in Korean content after gaining 1 trillion ...

VOL.57 / 2023.04

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Korea’s Writing Platforms

Publishing Industry Korea’s Writing Platforms 2022.07.04 In the book Writing Space, Jay David Bolter says that writing technologies realize the writing space. In other words, the writing tools, materials used, cultural selection, and social customs significantly impact the writer’s writing style and content. As a result, changes in writers’ works will be more evident in a different environment in the long run. After the Digital Revolution, people write about their daily lives more on screens than on paper, and people are moving from offline to online at an astoundingly fast pace.With changes in writing space, the pathway to publishing books is also changing rapidly. In the past, writers won literary awards, submitted to publishers, or were recommended by acquaintances before publishing their works in paper books. In contrast, writers nowadays increasingly publish their writings on online writing platforms first, get found by editors, and ...

VOL.48 / 2022.07

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Facilitation of Sub-rights and Their Markets

Publishing Industry Facilitation of Sub-rights and Their Markets Plays, Films, Merchandising Goods, Etc. 2021.09.06 As Korea’s soft power expands, more people in the world are taking an interest in Korean culture. The best leaders of Korea’s soft power are BTS, director Bong Joon-Ho who has presented various movies including “Parasite,” and actress Youn Yuh-Jung’s achievement through the movie “Minari.” The values of Korean pop culture are growing, and many people worldwide are sharing Korean culture. Such a phenomenon implies that the opportunities and spaces for sharing Korean culture worldwide develop simultaneously at a rapid pace. It was, therefore, a natural result that people began to pay more attention to Korean publishing content ? the source of the OSMU (once source, multi-use) ? in addition to the phenomenon. All this means that it has become a reality that the number of different usage cases of sub-rights based on Korean publication con...

VOL.38 / 2021.09

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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

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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

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2018 Publication Industry Factual Survey

2018 Publication Industry Factual Survey 2020.10.05 Outline The Publication Industry Promotion Agency of Korea (KPIPA) conducted the 2018 Publication Industry Factual Survey under article 16.5 “Factual Surveying and Statistical Surveying of the Publication and Culture Industry.” The survey conducted from June to December 2018 for the period between January 1st to December 31st, 2017, includes Copyright Export Statistics Survey.The 2018 Publication Industry Factual Survey used a structured survey format (questionnaire) to research areas such as basic business information, general status, organization status, distribution status, business index and prospects, and other comments, where the researchers collected relevant information via phone calls, fax, e-mail, and offline surveys.The Publication Industry Promotion Agency of Korea (KPIPA) said that the objective is to identify the current status of businesses engaging in publishing, estimate their ...

VOL.27 / 2020.10

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South Korea's publishing market based on category

South Korea's publishing market based on category 2019.12.09 The biggest characteristic of South Korea's publishing industry is that the portion of books on education and learning for young children to students of all ages is very large. South Korea's college-attendance rate is roughly 70 percent, which is one of the highest among OECD countries. According to a 2016 survey by the Korea Research Institute for Vocational Education & Training (KRIVET), 47 percent of respondents said they went to college for a better job, 25 percent said they attended to learn more and 14 percent said they went to college because graduating from university would result in better treatment in society. South Korea has a dense population compared to the geographical territory it has and combined with Korean parents wanting to educate their children for their future stability, the situation has created a society where nearly all the people have received higher education. At the epitome of th...

VOL.18 / 2019.12

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South Korea's publishing market and distribution structure

South Korea's publishing market and distribution structure 2019.12.09 South Korea's publishing market can be divided into three categories: book publishing (paper media publishing), educational publishing (textbooks and educational material publishing) and internet/mobile digital publishing and production. When taken as a whole, publishing sales stood at 4.0078 trillion won in 2010 and rose 8.2 percent to 4.3388 trillion won in 2017, showing an average growth of 1.1 percent each year in between. A characteristic of South Korea's publishing market is that educational content accounts for a huge piece of it. From 2010 to 2017, educational publishing has seen an average 1.8 percent in growth while paper book sales have seen an average decline of 2.6 percent over the same period. Meanwhile, e-books have seen sharp growth, with sales jumping 17 percent on average each year from 2010 to 2017. A characteristic of South Korea's publishing market is that educational co...

VOL.18 / 2019.12

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Sales of key South Korean bookstores

Sales of key South Korean bookstores 2019.07.08 Today in many countries, online bookstores are a solid part of their publishing distribution networks. Up until the early 1990s, only physical bookstores of varying scale existed and readers' selection of books was based on book displays and how accessible the stores were. However, following the emergence of Amazon in 1995, online bookstores have solidified their position as key sales channels of the publishing industry in countries around the world. That change markedly took place in South Korea compared to other countries. After online bookstores first emerged in South Korea in 1997, they grew rapidly due to book discounts, with the fixed price policy largely ignored. Currently, the market share of online bookstores in the United States stands at 45 percent, France 20 percent, Germany 18 percent and Japan 15 percent. In South Korea, that number is higher than 50 percent. South...

VOL.13 / 2019.07

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