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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]

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]

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 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 / INFO]

2024 Korea Picture Book Award

Info   2024 Korea Picture Book Award Announcement of the Winners and the Awards Ceremony   2024.11.04                 The Ministry of Culture, Sports, and Tourism and the Publication Industry Promotion Agency of Korea (KPIPA) have organized the 2024 Korea Picture Book Awards for Korean picture books to continue flourishing on the world stage. Following are the winners of the 2024 Korea Picture Book Awards and information about the awards ceremony.   Winners   Grand Prize   ? Fiction: How to Be a True Friend (written and illustrated by Park Hyun-Min, published by Changbi Publishers) ? Non-fiction: The First Day When A Little Wolf Got A Pair of Glasses (written and illustrated by Yoon Jung-Mi, published by Sakyejul Publishing) * K-Book Trends Vol. 76 ? Go to the interview with writ...
  • VOL.76 / 2024.11
[INFORMATION / BEST SELLERS]

1st Week, September 2024

Best Sellers   1st Week, September 2024 Best seller Trends in the Three Biggest Online Bookstores in Korea   2024.10.07   It’s the first week of September in Korea, where the fall has technically arrived, yet the summer heat hasn’t entirely left. With Korean fiction dominating the top of the best seller lists, it seems that readers are eager to spend the fall with books. The book If We Look at the Same Star One Day, which topped the best seller lists of all three major online bookstores, was written by actor and author Cha In-Pyo. Featuring the story of women forced into sexual slavery, it was also invited to the 1st Oxford Korean Literature Festival. Having been selected as a must-read book at Oxford University, it has become known in Korea as a work that first became known overseas. Korean readers have recently been immersed in the book's story, which reads like a movie.Following behind were Kim Ae-Ran’s full-length novel One of Them is a Lie and Jeong Yoo-J...
  • VOL.75 / 2024.10
[INFORMATION / BEST SELLERS]

2nd Week, August 2024

Best Sellers   2nd Week, August 2024 Best seller Trends in the Three Biggest Online Bookstores in Korea   2024.09.02   The unprecedented heatwave and tropical nights have led readers to take a break from the heat by reading books of all genres. It seems that they found books to be a great way to soothe their exhausted bodies and minds. In the second week of August, the best selling titles were spread across a wide range of genres, including fiction, humanities, business, and foreign languages.To begin with, A Few Words of Encouragement for You by Kim Jong-Won continued to rank high following last month, as teenagers spent their vacation immersed in reading and growing up. The book, a philosophical essay on how to move past puberty, a common life rite of passage, and into adulthood, offers a chance for introspection and growth. Coming in at No. 4, Three-minute Philosophy in Cartoons is an easy-to-understand, cartoon take on philosophy that’s great...
  • VOL.74 / 2024.09
[TREND / KNOWLEDGE]

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
[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
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