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“PDF/POD” - Korean Publishing Market Develop into Diverse Formats

Publishing Industry   “PDF/POD” - Korean Publishing MarketDevelop into Diverse Formats   2023.02.20         The interesting promotional text of a self-published e-book, How to Write a Profit Generating E-Book, by writer Yoo Sung-Woo says, “The secret to earning 500 million won with a 10-page PDF e-book” on the page of a crowdfunding platform Wadiz. The book successfully raised hundreds of million won of funding. Before the book was introduced to Wadiz, it was released on freelancer matching platforms, like Kmong, Taling, and Class 101, accumulating more than 500 million won in revenue. Though the book was not officially published in the market, and considering that selling 10,000 copies of a book was regarded as half of a success in the prolonged recession for publishers, an individual book recording such revenue was unprecedented. An increasing number of people collect and sell thei...
  • VOL.55 / 2023.02
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New Approaches to Education in the Korean Publishing Industry

Publishing Industry   New Approaches to Education in the Korean Publishing Industry “It will work out somehow, as we’ve started!”   2023.01.02   The Foundation of the Book Publishing Industry in Korea   There are a great many publishing houses in Korea. The number exceeds 70 thousand or falls to 2 thousand depending on how you approach the term “publishing.” Either way, the number is still quite a lot. The reason for this is that Korea has a very simple procedure for setting up a publishing company. All you have to do is declare your company type as “publishing” when registering it. As of the end of last year, the number of firms that reported their type as “publishing” to the Ministry of Culture, Sports, and Tourism was 71,319, including newspaper and magazine publishers. Among them, 2,026 were “general book publishers (paper media publishing).”1) The number increased to 2,7112) in the report issued in 2019. Also, the Publish...
  • VOL.54 / 2023.01
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Current Employment Status in the Korean Publication Industry

Publishing Industry   Current Employment Status in the Korean Publication Industry   2022.12.05   The “2020 Content Industry Statistics (2022.3.)” report published by the Ministry of Culture, Sports, and Tourism provides various statistics from the status survey conducted in 2021 on the overall content industry. With the latest statistics available today, it is the only document that shows the current situation of the publishing industry in figures, including statistics about the Korean publishing industry.   About 185,000 people are employed throughout the publishing industry, including newspapers and printing   The report shows that the number of employees in the publishing industry reached 185,444 in 2020, which is a 0.5% increase from 184,554 in 2018. This figure covers all publishing-related fields, such as publishing, printing, wholesaling, retailing, online distribution, and renting. To look at the publishing industry in more detail, this numbe...
  • VOL.53 / 2022.12
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The Gates to K-Books

Publishing Policy   The Gates to K-Books   2022.12.05                       Meet Korean book content wherever you are in the world! - The Gates to K-Books   K-BOOK, an English platform serviced by KPIPA   K-BOOK provides: » Information about authors and publishers » History of copyright export » Copyright Contact K-BOOK also offers information about Korean books in English so foreign publishers can get a better grip on data about Korean publications!   We would also like to introduce various other websites that promote Korean books around the world!   THE KOREA SOCIETY #Stronger Korea-US ties #News about Korean literature A non-profit media organization in the US, run to improve the Korea-US relationship. The newest information in the Korean publishing industry can be acquired in the Lite...
  • VOL.53 / 2022.12
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MCST Announces the 2022-2026 Publishing Industry Promotion Plan

Publishing Industry   MCST Announces the 2022-2026 PublishingIndustry Promotion Plan Fostering K-Culture through Books and Building a Cultural Powerhouse through Publishing   2022.11.07   “Books” are the core content that has been with humanity for a long period of time. However, the domain of each type of content and the boundary between them have become unclear these days. Today, publishers are not just coming up with publishable content, but are expanding their business into e-books and audiobooks, not to mention other cultural fields such as the film, game, and music industries. As such, the publishing industry takes on different content-based roles, crossing the traditional frontier of “print books.”However, unlike the diversified channels for publishing content, readership is falling every year. People now prefer video services like TV, YouTube, and Netflix rather than books. The average annual percentage of Koreans reading books is 47.5...
  • VOL.52 / 2022.11
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Publishers’ Book Clubs

Publishing Policy   Publishers’ Book Clubs   2022.11.07                     Where the hearts of book lovers gather: Publishers’ Book Clubs   Book clubs are a paid service run by publishers to offer a high-quality reading environment to readers. At book clubs, you can: • Read books and share opinions with various people • Find a hidden story in the book that you read • Purchase merchandise related to the books you read   Read with a loving mind for books, and start a new reading life!We introduce to you various book clubs run by publishing houses in Korea!   Minum Book Club - Share opinions with other readers - Participate in book talks with authors and lectures - Get 3 book-club edition books and 3 giveaway books ...
  • VOL.52 / 2022.11
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The Adoption of the Public Lending Right, Requiring the Agreement of All Parties in the Publishing Industry

Publishing Industry   The Adoption of the Public Lending Right,Requiring the Agreement of All Parties in the Publishing Industry   2022.09.05   An amendment of the Copyright Act proposed last April by a national assembly member of the Democratic Party of Korea, Kim Seung-Won, garnered the attention of stakeholders in the publishing industry. The amendment was about introducing the Public Lending Right (PLR) to Korea by amending the Copyright Act. The Public Lending Right is the right to be compensated for the expected loss of copyright by owners caused by book lending from libraries, and it is known as the PLR. Thirty-four EU member states adopted the right.   A photo of a public library (Photo taken by photographer Lee Eui Jong)     Copyright Act amendment gained much attention from the publishing industry’s stakeholders   The introduction of the PLR will have a wide range of...
  • VOL.50 / 2022.09
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Trends in the Publishing Market in the First Half of 2022

Publishing Industry   Trends in the Publishing Market in the First Half of 2022   2022.08.01   People are still reeling from the aftermath of the COVID-19 pandemic, which has swept the world over the past three years. Korea has been rapidly taking actions to return people’s daily lives to how they were before the pandemic. Such efforts can be seen through major terms commonly used in news outlets, such as “endemic” and “post-COVID.” Also, in early June, the Seoul International Book Fair was held at COEX on a large scale after a three-year absence, attracting approximately 100 thousand visitors. What’s more, lectures and autograph signing events of writers that had halted due to the social distancing policy have begun to take place again. It also seems that publications, book sales, and book-related programs are beginning to revitalize.Books related to “endemic” include From Pandemic to Endemic (Dongasia Books), written by researchers at the Institute for ...
  • VOL.49 / 2022.08
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Korea’s Writing Platforms

Publishing Industry   Korea’s Writing Platforms   2022.07.04   In the book Writing Space, Jay David Bolter says that writing technologies realize the writing space. In other words, the writing tools, materials used, cultural selection, and social customs significantly impact the writer’s writing style and content. As a result, changes in writers’ works will be more evident in a different environment in the long run. After the Digital Revolution, people write about their daily lives more on screens than on paper, and people are moving from offline to online at an astoundingly fast pace.With changes in writing space, the pathway to publishing books is also changing rapidly. In the past, writers won literary awards, submitted to publishers, or were recommended by acquaintances before publishing their works in paper books. In contrast, writers nowadays increasingly publish their writings on online writing platforms first, get found by editors, and ...
  • VOL.48 / 2022.07
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The Vulnerability of Production Focused on Paper Books

Publishing Industry   The Vulnerability of Production Focused on Paper Books   2022.06.07   The advancement of science has brought development to media, including in variety. Also, as an IT powerhouse, Korea provides easier access to all sorts of content, enabling people across all age groups to enjoy visual fun and entertainment through visual content rather than books. The significant drop in public interest in paper books – the analog – can be easily seen in the statistics of the yearly decrease in the reading population.   Reading population and the number of books read per person (2011~2021)   * Source: Statistics Korea (11.17.2021), Social Survey Results in 2021   As you can start a book-publishing business with a relatively small financial basis, the entry barrier is not that high. If you are interested, you can take your first foot in the industry without much difficulty. However, it is at the same time the re...
  • VOL.47 / 2022.06
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