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[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
[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
[TREND / KNOWLEDGE]

Current status of each field in the Korean publishing market ⑪ Educational Publications (textbooks/reference books/home-study materials)

Current status of each field in the Korean publishing market ⑪ Educational Publications (textbooks/reference books/home-study materials)   2020.12.07       This volume will discuss the publishing industry's status in Korea related to schools' educational curriculums (curricula) from elementary to high school. In schools' academic curriculums, textbooks are designated as the basic material, and reference books and home-study materials are used as much as textbooks as customized media to raise students' level in learning. Educational publications for students in elementary, middle, and high schools in Korea, globally known for its high passion for education, have been the central foundation for general education in Korea. Furthermore, they take an overwhelming proportion in the publishing market, implying that they are also beginning to take the center of bookstore operations.According to the Korean Educational Statistics Service (KEDI) of the Korean gover...
  • VOL.29 / 2020.12
[TREND / KNOWLEDGE]

K-Book Copyright Fair Online

K-Book Copyright Fair Online Korean Books join the global market through an online fair amidst the coronavirus pandemic   2020.11.02       The Ministry of Culture, Sports, and Tourism and the Publication Industry Promotion Agency of Korea (KFIFA) are hosting the “K-Book Copyright Fair Online” from August 25th to December 11th at RYSE Autograph Collection Studio B (Yanghwa-ro, Mapo-gu) in Seoul.     Comprehensive support from finding overseas publishers to consultations and follow-up contract management   The Seoul Publishing Rights Fair where overseas publishers visit Korea and have business meetings over the copyright export of Korean books with Korean publishers (first held in 2018) is hosted this year with the name “K-Book Copyright Fair Online” to help the industry overcome the unprecedented COVID-19 crisis and seek export opportunities in the new publishing environment. To minimize the pressure on Korean publishers and to maximize export out...
  • VOL.28 / 2020.11
[TREND / KNOWLEDGE]

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 / NEW BOOKS]

Bad Books

New Books   Bad Books   2024.07.01                       Unsafe Books Make the World Safe - Bad Books   “Bad books” Books that feel as if they would taint you or your family’s values with topics like homicide and immorality or change your identity the moment you read them.Bad Books by writer Yu Tae Kim takes us on a journey to the times of “bad books,” those that became widely known after being “banned” in human history for being unsafe.From the most well-known forbidden books in Korea ? Yi Mun-Yol’s Pilon’s Pig and Ma Gwang-Soo’s Destiny ? to 28 forbidden foreign titles... Can you believe that some of those books are still banned?   All those who were afraid of “bad books” wanted our society to be “safe.” However, writers of banned books claim, “Unsafe books are what makes a society safe!”   “A book filled with goodwill, contemplating the intangible boundary of ...
  • VOL.72 / 2024.07
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