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Search word : "Fixed Book Price Policy",   Search result : 5
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Book Pricing Strategies in Korea

Publishing Industry   Book Pricing Strategies in Korea   2023.07.03         Average list price of books sold in 2022 was 17,869 Korean won   In Korea, books are usually sold at a fixed price. It’s because the “fixed book price policy” is implemented as the book price policy in accordance with the Publishing Industry Promotion Act. According to the Korean Publishers Association’s statistics, the average fixed price of books in Korea in 2022 was 17,869 won, 4.4% up from the previous year (17,116 won). This isn’t a sharp increase considering the international pulp prices and domestic labor costs that have been driving prices up in recent years because publishers sell books at a “competitive price” as they fiercely compete with multiple titles in the market.In the Korean publishing market, the hardback, paper...
  • VOL.60 / 2023.07
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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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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
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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
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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
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