K-Book Trends -

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[TREND / KNOWLEDGE]

The Rise of Literary Agencies 2021.06.07 There are not many literary agencies in Korea. Most of the publishers prefer working directly with authors over cooperating with agencies. It was common for publishers to think that it is safer to pay more of an advance to overseas writers who have already finished writing their manuscript or are expected to finish them soon rather than domestic writers who have not yet completed their manuscript.The most significant characteristic of the Korean publishing industry would be “diversity.” The system in which up to 6 thousand small- and medium-sized publishers make more than 80 thousand physical titles each year has greatly diversified the types of books published in Korea, but the limited average sales of each title was an expected outcome. In such an environment, it is difficult to invest a sufficient amount of development fee for each title. Hence, even though the literary agent succeeded in discovering fine manuscripts or o...

VOL.35 / 2021.06

[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

[INFORMATION / #K-BOOK]

#Tree

#K-Book #Tree KPIPA Introduces K-Books for Global Publishing Markets through K-Book Platform 2024.05.07 Urban Tree Friends 1. Publication Details Title | Urban Tree FriendsAuthor | Ko Gyu Hong, Choi KyungsikPublisher | DASANPH PUBLISHERS HOUSEPublication Date | 2019-04-25ISBN | 9788979381092No. of pages | 32Dimensions | 228 * 287 2. Book Intro This book tells the story of the trees, flowers, and grass that live around an apartment complex in an urban city. The trees that appear in the book are ones that can be found anywhere in Korea. Turning your eyes and getting to know the trees around you is about communicating with nature. Just by watching the trees around us for four seasons, we can be awakened to the preciousness of life and nature. Additionally, the illustrations of the trees around us by Choe Gyeongsik, done with pencil and watercolors, lets us feel the warmth of the nature.The author, Ko Gyu Hon...

VOL.70 / 2024.05

[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 / AGENCY LIST]

Agency list

Agency List Agency list 2024.05.07 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.70 / 2024.05

[INFORMATION / NEW BOOKS]

Philosophy Changes Weather

New Books Philosophy Changes Weather 2024.04.01 The power to change your feelings for the day Philosophy Changes Weather We all have moments of burnout and inactivity. We sometimes feel rushed to get answers to life’s questions faster than anyone else.When you feel like your mind is full of dark clouds, almost like it could rain at any moment, read this book.The “consolation of philosophy” from philosopher, poet, and literary critic Seo Dong-Wook - Philosophy Changes Weather Heraclitus once spoke in riddles: Can you create a drought from a downpour?Discover the thoughts that will change the weather of your mind, and the questions that will trigger them.The book asks, “Why do humans keep looking back at wounds?,” “Does aging mean nothing but death?” … and it tells readers how to ask “questions for themselves.” “Indeed, all changes come from thought...

VOL.69 / 2024.04

[INFORMATION / BEST SELLERS]

2nd Week, March 2024

Best Sellers 2nd Week, March 2024 Bestseller Trends in the Four Biggest Online Bookstores in Korea 2024.04.01 March in Korea is the month that signals the arrival of spring and the start of a new school year. It is also a time for blooming flowers, new friends, and fun memories. The bestseller list is also filled with exciting new titles. For example, Gangster Grandmother in Hospital, the No.2 bestseller in the 2nd week of March, is an essay by Yang Yoo-Jin, a 1M creator named “Bbangthug,” filled with heartfelt stories. Even during its presale period, the book was enthusiastically welcomed by subscribers, taking it to the top of the bestseller list. In the book, she reveals that she is suffering from an incurable disease called lupus, yet she captures her daily life in a playful and lighthearted way, drawing expectations from readers.The No.8 book, From Good Sentence Structure to Punctuation!, is written by Lee Soo-Yeon, a teacher at the ...

VOL.69 / 2024.04

VOL.70/2024.05

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