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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
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Current status of each field in the Korean publishing market ⑫ Publications of Children’s Books/Teenage Books

Current status of each field in the Korean publishing market ⑫ Publications of Children’s Books/Teenage Books   2021.01.04       One of the most active publishing areas in almost any country is children’s books. Many of the children’s books in Korea (for preschoolers and elementary schoolers) have long been focused on education, learning, or cognitive development for its expected roles. However, they are undergoing evolution today as a tool for delivering necessary knowledge and wisdom for kids to actively cope with the world while nurturing their boundless imagination with entertaining elements. Meanwhile, the publishing market for teenagers, which is relatively smaller than children’s books in terms of titles and size, is growing its influence in the market with more various and absorbing topics, not to mention the facilitation of reading education conducted in schools. The teen market is breaking out of the narrow frame of a “generation stuck between child...
  • VOL.30 / 2021.01
[INFORMATION / #K-BOOK]

#Sports

#K-Book   #Sports KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.09.02   Geography As Seen Through Sports 1. Publication Details   Title | Geography As Seen Through SportsAuthor | Choi JaeheePublisher | Humanist Publishing Group Inc.Publication Date | 2021-10-04ISBN | 9791160807141No. of pages | 216Dimensions | 135 * 200   2. Book Intro   This book looks at 15 different fields of sports such as soccer, surfing, rock climbing, paragliding, and marathons from the perspective of geography. Difficult concepts such as valley winds and temperature inversion layers are transformed into interesting stories through questions such as: “What kind of wind do we need for paragliders to fly higher and faster?” “How high can paragliders go?” The movements of the Earth’s crust during the Paleozoic Era were influential in forming Europe’s professional soccer league, while the Himalayan Alp...
  • VOL.74 / 2024.09
[INFORMATION / INFO]

Titles Selected for the Overseas Publication Grants 2024

Info   Titles Selected for the Overseas Publication Grants 2024   2024.09.02   The Publication Industry Promotion Agency of Korea (KPIPA) provides publication grants to promote the export of Korean publications. The grants offer partial financial aid to foreign publishing companies that have published or intend to publish Korean content based on copyright agreements.For this year’s grants, we selected a total of 57 titles from across 17 countries, and they are as follows:     空間的未來：COVID-19 加速?生的空間變化 English title | The Future of Space: Spatial Change Accelerated by COVID-19Author | Yoo Hyeon-JunApplicant | 典藏藝術家庭股?有限公司(DIANCAN ART AND COLLECTION LTD.)Country/Published language | Taiwan/Traditional Chinese         Google公關總監的職場慢爬成功學 English title | Let’s Move On ? All We Have is EnergyAuthor | Jeong Kim Kyoung-SookApplicant |&n...
  • VOL.74 / 2024.09
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Overseas Publication Grants

Overseas Publication Grants Grants Awarded in 2020   2021.01.04   The Publication Industry Promotion Agency of Korea (KPIPA) has carried out the 〈Overseas Publication Grants 2020〉 to promote overseas advancement of Korean publications. The 〈Overseas Publication Grants 2020〉 has provided partial grants to overseas publishers who have published or are planning to publish Korean content under contract with Korean publishers. Criteria for assessment were quality of contents, marketability, and ability of the publisher. Different amounts of grants will be provided depending on the region (Europe, US, UK, China, Japan, etc.). Following is the grant-winning work of the 〈Overseas Publication Grants 2020〉.   Coming Home Alone? Writer| Sky KimIllustrator | Jeong Soon HeePublisher | Sakyejul Publishing Ltd.Genre | Children’s bookTranslated Language | Traditional ChineseAwarded Publisher | Alvita Publishing Co., LtdISBN | 9789579125628 &...
  • VOL.30 / 2021.01
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Current status of each field in the Korean publishing market ⑧ Publication of practical books for social activities

Current status of each field in the Korean publishing market ⑧ Publication of practical books for social activities   2020.09.07     Among practical books that provide knowledge and information useful for daily life, those excluding “practical books for home” including areas such as child nurturing, cooking, healthcare, and hobbies were categorized as “practical books for social activities.” From the broader perspective, this category can include several publication genres such as economy & business administration (K-Book Trends Vol. 22), self-development (K-Book Trends Vol. 24), and others useful for carrying out social activities. This month, we would like to take a deeper look at foreign language and travel books, concentrating on the narrow spectrum of “practical books for social activities.” According to the sales statistics of Kyobo Bookstore, a representative bookstore both online and offline in Korea, foreign language books accounted for ab...
  • VOL.26 / 2020.09
[INFORMATION / #K-BOOK]

#Sea

#K-Book   #Sea KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.08.05   A MARITIME HISTORY 1. Publication Details   Title | A MARITIME HISTORYSubtitle | Humanity’s Great JourneyAuthor | Jou KyungChulPublisher | Humanist Publishing Group Inc.Publication Date | 2022-01-24ISBN | 9791160807844No. of pages | 976Dimensions | 140 * 210   2. Book Intro   Reinterpreting the entire human journey from prehistoric times to the near future from the perspective of the sea, this book reveals aspects of human history that cannot be covered from the point of view of continental civilization alone. It infinitely expands our landlocked gaze through the understanding of “maritime mankind” who spread out over the sea, lived by the sea, and fought on the sea.History so far has focused too much on continental and agricultural civilizations. Was the ocean, which covers 71% of the Earth’s surface...
  • VOL.73 / 2024.08
[INFORMATION / #K-BOOK]

#Star

#K-Book   #Star KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.07.01   ON STAR-KNITTING 1. Publication Details   Title | ON STAR-KNITTINGAuthor | Lee YeongdoPublisher | Minumsa PublishingPublication Date | 2020-10-22ISBN | 9791158887254No. of pages | 288Dimensions | 149 * 222   2. Book Intro   A great alien civilization visits Earth from the outer space. They call themselves “Pan-galactic Cultural Exchange Committee” and match the planet Earth with another civilization called Witan. In the title piece of this short story collection On Star-knitting, Witanians seek help from Earthians: they need to find someone who can read and make constellations. Since they don’t have astrology in their culture, they start to work with an Earthian astrologist who calls himself a star-knitter. A Witanian astronaut and the Earthian star-knitter navigate the galaxies to find the right stars to ...
  • VOL.72 / 2024.07
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Current status of each field in the Korean publishing market ⑦ Publication of practical books for home

Current status of each field in the Korean publishing market ⑦ Publication of practical books for home   2020.08.03     There is a wide variety of practical books that provide tips for diverse fields necessary in our daily life. So, this part divides the section into two: practical books for making homes and living a good social life. The former type mainly includes areas important at home such as raising children, cooking, keeping fit, and hobbies, while the latter type includes language books and traveling guides that are needed in living a social life. Books that feature tips for maintaining a good social relationship and those for expanding financial property can belong to the latter part as economics and business administration books. Today, we would like to first touch upon the publication of practical books for home.   The number of titles in the field of family & living is decreasing, but other fields are seeing a rising number of publica...
  • VOL.25 / 2020.08
[INFORMATION / #K-BOOK]

#Trip

#K-Book   #Trip KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.06.03   A Geographer’s Travel with Humanities 1. Publication Details   Title | A Geographer’s Travel with HumanitiesSubtitle | As someone who studies place, people, and culture, what does a geographer discoverAuthor | Lee YoungminPublisher | GEULDAMPublication Date | 2020-08-10ISBN | 9791187147411No. of pages | 252Dimensions | 152 * 210   2. Book Intro   A unique, rich travel experience happens only when you think about how to appreciate your travel, not just where to travel.In this travelogue, a geographer observes people and places from a humanities perspective. For instance, you should not only take selfies at Seonamsa, a Korean temple famous for red plum blossoms but you should also take in its unique scent, sound, and atmosphere. The sunset at Monument Valley, USA will also feel entirely different with ju...
  • VOL.71 / 2024.06
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