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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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Seen through Statistics: The Status of Offline Bookstores in Korea

Publishing Policy   Seen through Statistics:The Status of Offline Bookstores in Korea   2022.09.05                             Seen through statistics: The Status of Offline bookstores in Korea.* This article is based on the “2021 Publishing Industry Status Report (as of 2020)”, released by the Publication Industry Promotion Agency of Korea (KPIPA).   Sample design and valid responses (Unit: Per unit) Various materials were taken into account for the accurate analysis of primary data as well as for the representation and characteristics of the survey content. • Survey Population: 1,645 (Criterion: Businesses actually in operation) • Sample Design: 565 (Criterion: Businesses applied with sample distribution by size) • Distribution of Valid Cases: 432 ...
  • 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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Audiobook Platforms in Korea

Publishing Policy   Audiobook Platforms in Korea   2022.08.01                   Read books with your ears in your busy daily life! – Audiobook platforms in Korea“From the joy of reading to the joy of listening” - We hereby introduce to you various audiobook platforms in Korea!   Millie (www.millie.co.kr)• Books abounding in many fields• Provides an index of the readership that finished each book based on big data• Text and audio format simultaneously serviced#bigdata #paperbook_subscribe   Welaaa (www.welaaa.com)• Enjoy audiobooks read lively by professional voice actors• Welaaa-made audiobooks• Audiobooks of popular webnovels#webnovels #Welaaa_made   Naver Audio Clip (audioclip.naver.com)• Novels read like plays• Audiobooks read lively by various voice of celebrities• Some audiobooks available for free#various_content #voice_...
  • 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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Various Book Festivals in Korea

Publishing Policy   Various Book Festivals in Korea   2022.07.04                           Love for books flows into festivals - Various Book Festivals in Korea“Turning crisis into opportunity.” Here are a few of the book festivals that take place in Korea that underwent a complete transformation after COVID!   #Seoul International Book Fair (SIBF)_Where authors and readers meet around books✓ New technologies and information related to publishing✓ An exchange hub for both Korean and foreign copyrights✓ sibf.or.kr/2022✓ +82-2-733-8402   #Paju Booksori_A book festival held in Paju, the city of culture and art✓ The biggest knowledge festival in Korea✓ Set to be held in October 2022✓ pajubooksori.kr✓ +82-31-940-4721   #Seoul Wow Book Festival_A festival for all ages held in front of Hongik University✓ A festival of books, culture, and art centered on readers✓ Set to be...
  • 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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Types of Korean Magazines based on Keywords

Publishing Industry   Types of Korean Magazines based on Keywords   2022.05.02   "The child plays because it plays. Reason does not exist in its play. (The editor-in-chief of Magazine B Tiktok)." This is a quote from Heidegger. Unlike books, magazines are like amusement parks as it is hard to expect what will unfold in the following pages. That is why it is okay to replace the word magazine with play from Heidegger's quote. A brand magazine Magazine B quoted Heidegger. The gap is the fun in magazines. Magazines neutralize the differences and show the unexpected of the world unpredictably.I used to work at a weekly magazine publisher. Once, I heard the president of a magazine publisher say, "You refer to books the most as you write one." So, likewise, magazines are what you refer to as you write one.The ones who visit The Magazine Club, a magazine bookstore located in Hapjeong-dong, Mapo-gu, Seoul, are primarily editors. The co-founder of The Magaz...
  • VOL.46 / 2022.05
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Korean Book Publishers Eye Webnovels and Webtoons

Publishing Industry   Korean Book Publishers Eye Webnovels and Webtoons Why is Dasan Books starting an entertainment business?   2022.04.04   With the global mega-hit of “Squid Game” on Netflix in 2021, the world began to take a greater interest in Korean content. Other webtoon-based dramas, including “Hellbound” and “We Are All Dead,” are seeing good records as well, and Korean webtoon platforms such as Piccoma, Line Manga, and Tapas are rapidly growing in the global market. Now webtoons are rising as the next driver of Korean content, or K-content, which has been represented by K-pop.Korean book publishers are also greatly interested in webtoons and webnovels. General publishers such as Woongjin Thinkbig, Dasan Books, and Wisdom House have shown a clear movement in this regard. It also seems that those that have not yet started a relevant business are paying heed to the webnovel and webtoon business, the newly emerging field in the content industry.  ...
  • VOL.45 / 2022.04
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The Era of the Metaverse: Will It Allow Authors and the Publishing Industry to Coexist?

Publishing Industry   The Era of the Metaverse:Will It Allow Authors and the Publishing Industry to Coexist?   2022.03.07   * Metaverse: Metaverse is a term consisting of “meta,” meaning “virtual” and “transcendent,” and “universe,” meaning space. It refers to a three-dimensional virtual world where social, economic, and cultural activities take place just like reality. * NFT: Meaning “Non-Fungible Token,” NFT refers to a token that represents rare digital assets.   Transition to an era where we can own a famous writer’s poem   On June 5, 2021, the third poem collection Rat and Oyster (Hyundae Munhak) of writer Bae Soo-Yeon was published in the form of an NFT, sold at 2.94 Ethereum on Opensea, an online NFT marketplace. The momentary currency of 2.94 Ethereum was approximately 9 million won, which today costs about 10 million. If we think that a poem col...
  • VOL.44 / 2022.03
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