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[TREND / KNOWLEDGE]

Current status of each field in the Korean publishing market ① Literature publication

Current status of each field in the Korean publishing market ① Literature publication   2020.02.03     Interesting stories from the past will always attract people’s minds; literature was the beginning and the flower of publication in every country. The poems, novels, essays, and plays written in Korean by Korean authors that sublimate their identity, emotions, and critical minds are an irreplaceable pillar of Korean culture. In particular, while undergoing turbulent modern history including the Japanese colonization, the Korean War, military dictatorship, industrialization, democratization, globalization, and informatization, Koreans would reflect the wounds in gemlike poems, novels, and essays, and share them in the form of a book. While not neglecting the pains of the time and standing against unjust authority, literature also played a role as an encourager that gave courage and hope to readers. Korean publication is also a resemblance of literature;...
  • VOL.19 / 2020.02
[TREND / KNOWLEDGE]

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
[INFORMATION / AGENCY LIST]

Agency list

Agency List   Agency list   2024.01.02   Abba Communication Ltd.   Launched as a translation and interpretation agency in 204, Abba Communication (Abba here after) now also acts as a copyright agency. Abba supports young Korean publishers who are aspiring to build experiences in moving on to the international market, providing consultation on the way until they become global. Abba’s special forte is its excellent professional team with expertise in re-writing and/or editing synopses and introductions into texts both competitive and persuasive. Other services Abba provides include translating original materials and creating promotional texts.   Focused Subjects  LiberalArts : Biography, Management, Negotiation   Contacts • Kim jungsukE-mail : jskim@abbacomm.co.kr / Phone : +82-2-707-2103 / Regions : Asia, UK, USA • Han-gyul GoE-mail : abba@abbacomm.co.kr / Phone : +82-2-707-2103 / Regions : Asia, UK, USA        ...
  • VOL.66 / 2024.01
[TREND / KNOWLEDGE]

Discussions on public lending rights and tasks ahead

Discussions on public lending rights and tasks ahead   2019.09.09   Public lending rights (PLR) refer to the rights authors, and other original content creators have in regards to books that are loaned to the public by institutions like public libraries. PLR is a credit-type right to claim compensation in order to make up for losses the content creator may face due to the lending of their book by libraries to the public. It is not a real proprietary right that has the power to permit or ban the use of the published work itself.   Countries that have adopted PLR   Nearly all the countries that have PLR are in Europe because the program implementation was made mandatory as part of a European Community (EC) agreement.   PLR was first adopted by Denmark in 1946 and enforced by other European countries slowly after then. As of August 2019, 33 countries around the world have implemented this program (some state 35 countrie...
  • VOL.15 / 2019.09
[TREND / KNOWLEDGE]

South Korea's Global Book Exports

South Korea's Global Book Exports Books exported to the U.K., the U.S. and other parts of Europe   2019.08.05   Several High quality South Korean books have recently been translated into a variety oflanguages and have been warmly received around the world. What is it then, about these South Korean books that enticed global readers? The answers are below as we take a look at recent South Korean book exports and the response regarding those books from publishing markets in the U.K., the U.S. and other parts of Europe.   Lee Ji-min's Marilyn and Me, a portrait of wounds and healing from the Korean War   Cover art for the U.K. version of Lee Ji-min's Marilyn and Me   The author of books like Modern Boy (Munhakdongne) and A Love Virus (Jamobook), Lee Ji-min saw her book Marilyn and Me (That Book) translated and published in the United Kingdom on July 11. The English version of the book was published by 4th Estate, a publisher there. T...
  • VOL.14 / 2019.08
[TREND / KNOWLEDGE]

South Korea's Fixed Book Price Policy

South Korea's Fixed Book Price Policy   2019.08.05   Fixed book price policies are rules that set consumer prices for books at levels the publishers select. Countries where these policies exist, sell books at the same price anywhere you go. Instead of competition through prices at the commercial sale level, price competition takes place at the production stage between publishers, boosting the diversity of distribution channels and convenience of readers.The global publishing market is divided into countries that have fixed book prices and those that do not. English speaking countries like the United States, the United Kingdom, Canada and Australia, which all form one giant market do not have fixed book prices. Non-English-speaking advanced countries like Germany, France, Spain, the Netherlands and Japan all have fixed book prices. Those that do have this policy have diverse ways to enforce it. For example, in Germany and France, the governments have passed special laws for fi...
  • VOL.14 / 2019.08
[TREND / KNOWLEDGE]

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
[INFORMATION / AGENCY LIST]

Agency list

Agency List   Agency list   2023.12.04   Abba Communication Ltd.   Launched as a translation and interpretation agency in 204, Abba Communication (Abba here after) now also acts as a copyright agency. Abba supports young Korean publishers who are aspiring to build experiences in moving on to the international market, providing consultation on the way until they become global. Abba’s special forte is its excellent professional team with expertise in re-writing and/or editing synopses and introductions into texts both competitive and persuasive. Other services Abba provides include translating original materials and creating promotional texts.   Focused Subjects  LiberalArts : Biography, Management, Negotiation   Contacts • Kim jungsukE-mail : jskim@abbacomm.co.kr / Phone : +82-2-707-2103 / Regions : Asia, UK, USA • Han-gyul GoE-mail : abba@abbacomm.co.kr / Phone : +82-2-7...
  • VOL.65 / 2023.12
[TREND / KNOWLEDGE]

A Diagnosis of South Korea's E-book Market Amid Subscription Competition

A Diagnosis of South Korea's E-book Market Amid Subscription Competition   2019.06.10   On May 9, the Korean Publishers Association held a seminar on current issues that affect the digital publishing industry called 'The Attack of Netflix, Fixed Price System for Books Challenged'. Participants at the seminar debated whether e-book subscription services and the fixed price system for books can co-exist in South Korea. Subscription services refer to online services where members can read an unlimited number of books online after paying low monthly fees, like Netflix. Meanwhile, South Korea's fixed price regulations for book sales prevent bookstores from lowering prices beyond what publishers demand in order to protect small-to-medium sized bookstores and publishers. With the rise of these monthly subscription services, worries have been growing they may shake up the entire fixed price system altogether.The seminar kicked off with an introduction from Chung Won-ok, a senior...
  • VOL.12 / 2019.06
[TREND / EXPORT CASE]

The Most Korean is the Most Global

Export Case   The Most Korean is the Most Global   2024.02.19   It is the era of Hallyu, the Korean Wave. Korea’s soft power - movies, dramas, cuisine, literature, and more - is shaking up the world. Following the movie “Parasite,” “Squid Game” and “Pachinko,” which were released on global OTT platforms, global curiosity about Korea expanded. Korea is now one of the major tourist destinations frequented by people from all over the world, and Korean food such as ramen, kimbap, and tteokbokki are considered hip and trendy, and have gained immense popularity around the world. People around the world looking to understand Korea a little better are now seeking to read Korean literature and share Korean sentiments. In response to this demand, major publishers around the world have been actively scanning Korean titles for their markets. The enthusiasm could be felt firsthand at the Korean Pavilion installed at the Frankfurt Book Fair held last Oct...
  • VOL.67 / 2024.02
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