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[TREND / KNOWLEDGE]

The Current State of Subscription-Based Services of Korea’s Published Content

Publishing Industry   The Current State of Subscription-Based Services of Korea’s Published Content   2021.10.05   Mobile phones provide convenience as they can be used to write or read while on the move. There have been quite a lot of changes in how books, music, movies, dramas, games, and other content are created and consumed. There has also been an increase in the different types of content distribution models that use a variety of smart devices and social network systems. The major examples of this would be short-form content, which you can use for a short period, and subscriptions for sale, through which you can have unlimited access to content depending on the subscription period. The content industry is quickly transferring from a generation of “owning” to “consuming” worldwide. With the rapid increase of consumers of many contents due to the COVID-19 pandemic, renting content and subscribing to content has successfully settled as popular mass cont...
  • VOL.39 / 2021.10
[TREND / KNOWLEDGE]

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 c...
  • VOL.38 / 2021.09
[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]

Major Affairs in Korean Publishing Policy in 2021

Major Affairs in Korean Publishing Policy in 2021   2021.03.08     Last year had been a particularly tough year for the Korean publishing industry due to several issues, including the COVID-19 pandemic, the bankruptcy of Interpark Song-in Books Corp., fixed book price policy, the Cloud Bread writer’s loss in a lawsuit, and several other incidents that violated the freedom of publishing. Various policies are also scheduled to change in 2021 including a revision of copyright law, which is expected to transform the publishing environment. While it is highly important to narrow down the difference in ideas and find a way for coexistence regarding cases that have many interests entangled in the publishing and cultural industry, it seems that such cases will take place quite often this year. This section covers significant affairs related to the law revision currently under discussion and publishing policies.   For cases where many interests are intertwined, it...
  • 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
[INFORMATION / BEST SELLERS]

2nd Week, April 2024

Best Sellers   2nd Week, April 2024 Best seller Trends in the Four Biggest Online Bookstores in Korea   2024.05.07   It is the 2nd week of April, when spring is in full swing, and two non-fiction titles with uplifting, heartwarming messages made the top 10 overall bestseller list. At No. 4, Don’t Need a Path of Flowers, My Life is a Flower is a book with sunshine-like sentences that embrace the latter part of life. It offers a rich emotional experience to readers by combining writings that encapsulate life’s wisdom with masterpieces that gain more love as time passes. Another book, A Circle is a Circle, Even if It’s Dented, by musician Kim Chang-Wan, who has left a profound mark on Korean pop culture, came in at No. 7. Featuring the letters he answered to listeners on his radio show as well as the opening lines he wrote himself, the book delivers lighthearted reassurance and the voice of a “real adult” from a musician that reaches across gene...
  • VOL.70 / 2024.05
[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 / #K-BOOK]

#Tree

#K-Book   #Tree KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.05.07   Urban Tree Friends 1. Publication Details   Title | Urban Tree FriendsAuthor | Ko Gyu Hong, Choi KyungsikPublisher | DASANPH PUBLISHERS HOUSEPublication Date | 2019-04-25ISBN | 9788979381092No. of pages | 32Dimensions | 228 * 287   2. Book Intro   This book tells the story of the trees, flowers, and grass that live around an apartment complex in an urban city. The trees that appear in the book are ones that can be found anywhere in Korea. Turning your eyes and getting to know the trees around you is about communicating with nature. Just by watching the trees around us for four seasons, we can be awakened to the preciousness of life and nature. Additionally, the illustrations of the trees around us by Choe Gyeongsik, done with pencil and watercolors, lets us feel the warmth of the nature.The author, Ko Gyu Hon...
  • VOL.70 / 2024.05
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