K-Book Trends -

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[TREND / KNOWLEDGE]

Current Status of the Korean Standard Publishing Distribution Data Hub System (BookNet Korea)

Publishing Industry Current Status of the Korean Standard Publishing Distribution Data Hub System (BookNet Korea) Start-Challenge-Change-Global 2021.08.02 In terms of the market volume, Korea is the 6th largest publishing powerhouse in the world, following the United States, China, Japan, Germany, and Great Britain, who are leaders of the global publishing market, publishing more than 65 thousand titles each year. Various excellent K-books have been recently mesmerizing international readers alongside K-pop, K-drama, and K-movies as well. Start However, let’s look into the environment surrounding the distribution of publications in Korea. Information exchanges among publishers, distributors, and local bookstores are not active, hampering systematic marketing activities. The reality in the distribution part is failing to catch up with the advancement of the publishing market. Also, as publishers, distributors, bookstores, and libraries set up their ow...

VOL.37 / 2021.08

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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

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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

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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

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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 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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Current status of each field in the Korean publishing market ⑩ Publication of Exam and College Books

Current status of each field in the Korean publishing market ⑩ Publication of Exam and College Books 2020.11.02 College students mainly seek exam and college books. As those books are for taking classes and getting a job, their demand is relatively stable. This is why there are several publishers that mainly publish books in these areas. According to the publications statistics announced by the Publication Industry Promotion Agency of Korea (KPIPA) in 2019, about 6.1% of the entire Korean publishers (16th among a total of 30 areas) produce exam books (for jobs, licenses, national exams, etc.), and 13.6% produced college books (4th among a total of 30 areas).Unlike the college book market which is in a downward trend, exam books for tests and company applications are witnessing a rise in both sales and the number of copies sold for the past 3 years. According to the sales statistics announced by Kyobo Bookstore - one of the representative on - and offline ...

VOL.28 / 2020.11

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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

[INFORMATION / INFO]

Projects Supported by the KPIPA in the First Half of 2024

Info Projects Supported by the KPIPA in the First Half of 2024 2024.04.01 “Expanding the opportunity for copyright trades of Korean publishing content.” Projects Supported by the Publication Industry Promotion Agency of Korea (KPIPA) in the First Half of 2024. KPIPA has been providing various support by participating in book fairs in Korea and abroad to promote the excellence of Korean publications and further expand their reach in overseas markets. #Seoul International Book Fair (SIBF)Seoul International Book Fair (SIBF) is Korea’s largest book festival! SIBF 2024 will be held to strengthen the international competitiveness of the Korean publishing industry and boost publishing networking at home and abroad! KPIPA runs programs for participating publishing houses and supports promotional activities for SIBF 2024. • Date: June 26-30, 2024 • ...

VOL.69 / 2024.04

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Current status of each field in the Korean publishing market ⑨ Publication of Comics and Art

Current status of each field in the Korean publishing market ⑨ Publication of Comics and Art 2020.10.05 The prominent characteristics of publications in the fields of comics and art are strong visual elements, imagination, and artistic messages embedded within. The traditional landscape of comics publications in Korea has significantly changed due to the evolution of ICT technologies and smartphones. Yet, webcomics (online comics) have noticeably risen above the surface and taken the center of comics distribution. However, fine comics that gained popularity on the webcomics platform and have gotten their artistic value recognized are often officially published as paper comics. Books in the art field come in different genres and types, ranging from academic books for fine art, design, music, plays, movies, and fashion, to popular practical books such as a guide for exams and coloring books as a pastime activity. Comics and art publications are usuall...

VOL.27 / 2020.10

VOL.69/2024.04

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