K-Book Trends -

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The Influence and Application of AI Translators on the Publishing Industry and the Import and Export of Copyrights

Topic The Influence and Application of AI Translators onthe Publishing Industry and the Import and Export of Copyrights 2024.04.01 AI technology is advancing rapidly and transforming the way we work. These technological developments are affecting many areas of our lives, and the publishing industry is no exception. The use of Neural Machine Translation (NMT), such as Google Translate, which emerged in 2017, as well as Naver’s Papago, DeepL, and Microsoft Translator, is growing dramatically, and the publishing industry is joining this technological trend. Its use is expanding from simple business emails to book introductions, copyright marketing materials, subtitles for book trailers, speech-to-text technology, and more. This means that a fundamental shift in working tools and business structures is taking place. This article examines the influence of AI on the publishing industry from an editor’s perspective. ...

VOL.69 / 2024.04

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Recent Status of Korean Webnovels

Knowledge Recent Status of Korean Webnovels 2024.04.01 The size and the current status of the market The webnovel industry, which was officially recognized in 2013 with the NAVER Webnovel Contest, has nearly doubled every year since then - expanding to a market worth 1 trillion won by 2024. It has firmly established itself as one of the pillars of the Korean content market alongside webtoons. Media mixing is actively taking place through the content value chain centered on Kakao and Naver, and this potential has attracted many creators to take on the challenge of writing webnovels full of dreams.According to the “2022 Status Survey of the Webnovel Industry” published by the Publication Industry Promotion Agency of Korea (KPIPA) in 2023, the number of webnovel users in Korea was estimated at 5.87 million, and the estimated revenue of the entire webnovel industry was w...

VOL.69 / 2024.04

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A Call for an Evolutionary Level of Imagination: Replacement of Dominant Species

Publishing Industry A Call for an Evolutionary Level of Imagination:Replacement of Dominant Species Current status of author management in Korea 2024.02.19 Korea’s Greenbook Agency (CEO Toni Shi-Hyoung Kim) was one of the earliest adopters of the concept of author management. It was originally founded in 2006 as an agency specializing in the international trade of publishing rights. All of its executives, including CEO Kim, are former publishing professionals or translators, and the company has completed more than 1,000 copyright deals. In 2017, the company launched its author management business by signing an exclusive contract with Kim Bo-Young, a major Korean SF writer. Since then, it has signed award-winning fiction and non-fiction writers such as Bora Chung, Djuna, Park Seo-Ryun, Kim Hyun-Jin, Shim Wan-S...

VOL.67 / 2024.02

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2023 Publishing Statistics & 2024 Publishing Market Outlook

Publishing Industry 2023 Trends in the Korean Publishing Market and 2024 Forecast 2024.01.02 2023 Trends: Growth in self-help, comics, and parenting books As the COVID-19 pandemic turned endemic in the spring of 2023, travel books saw a resurgence in popularity. The popularity of anime such as Slam Dunk has led to increased sales of manga, and popular YouTubers have joined the publishing market using manga characters. In addition, books by popular writers for grown-up readers, such as physicist Kim Sang-Wook, have been transformed into children’s educational comics. * K-Book Trends Vol. 42 – Go to the interview of writer Kim Sang-Wook In addition, despite recording the world’s lowest birth rate, the popularity of books on raising children in Korea has increased. While the market for marriage, family, pregnancy, and childbirth has decreased, the market ...

VOL.66 / 2024.01

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Today and Tomorrow of the Korean Standard Publishing Distribution Data Hub System

Publishing Industry Today and Tomorrow of the Korean Standard Publishing Distribution Data Hub System 2023.09.04 Current status of the Korean Standard Publishing Distribution Data Hub System (KOPDS) When Song-In Books, a large South Korean book wholesaler, went bankrupt in 2017, many publishers were left in a state of chaos. Publishers suffered a lot of losses because they were unable to keep track of which books were in which bookstores, and how many copies were in stock and sold. This prompted the creation of the Korean Standard Publishing Distribution Data Hub System (KOPDS), which was built in accordance with the Fourth Five-Year Plan for the Promotion of Publishing Culture, reflecting the need to build an advanced distribution system for the publishing industry. The system was launched in Sept...

VOL.62 / 2023.09

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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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Translation and Publication Support Projects in Korea

Publishing Policy Translation and Publication Support Projects in Korea 2023.07.03 Good news for international publishers planning to translate and publish Korean books! - Translation and Publication Support Projects in Korea Various institutions in Korea have been running translation and publication projects to support international publishers planning to publish Korean books with an aim to promote Korean books to overseas markets. Literature Translation Institute of Korea (LTI) - 〈Translation and Publication Grants for Overseas Publishers〉 LTI provide grants for translation and publication of Korean books to extend the global reach of Korean literature. • Eligible Applicants: Overseas publishers that have acquired the rights to Korean literary, humanities,...

VOL.60 / 2023.07

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2023 K-Book Copyright Market & Seoul International Book Fair

Publishing Policy 2023 K-Book Copyright Market & Seoul International Book Fair 2023.05.02 June is a perfect season to read books! We introduce you to places where various Korean books gather!In June 2023, the K-Book Copyright Market and the Seoul International Book Fair (SIBF) will be held, where you can meet various Korean publishing content! The K-Book Copyright Market hosted by the Publication Industry Promotion Agency of Korea (KPIPA), is a B2B consultation event that paves the way for the global exchange of publications and promotes Korean publishing content on the global market.We invite international publishing houses and agencies to Korea, and hold various events such as 1:1 business matchmaking, exchange programs, and consulting programs! Overview of the 2023 K-Book Copyright MarketPe...

VOL.58 / 2023.05

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Domestic Video Content Originating from Literature

Publishing Industry Domestic Video Content Originating from Literature 2023.04.03 We are living in an era of stories. In the 21st century, humans, who have evolved through tales, start their lives in stories, experience mood changes like a roller coaster, and consume numerous stories based on how they feel and what they like. Global OTT dominates our pastime these days. Netflix, the world’s largest OTT platform, has 220 million paid subscribers. One noticeable fact is that more than 60% of paid subscribers of Netflix in 2022 watched at least one Korean content, which proves the prowess of Korean products. Netflix released this year’s lineup, and there are a whopping 28 pieces from Korea, starting with its original series, “The Glory.” Netflix seems to be invested in Korean content after gaining 1 trillion ...

VOL.57 / 2023.04

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KPIPA hosts the 2023 Visiting Korean Book Fair

Publishing Policy KPIPA hosts the 2023 Visiting Korean Book Fair 2023.03.13 Meet K-Book Content Outside Korea! - The Publication Industry Promotion Agency of Korea (KPIPA) hosts the 2023 Visiting Korean Book Fair KPIPA has been running the Visiting Book Fair with an aim to expand the export of K-Book content, reinforce global competitiveness and support its advancement into new overseas markets, taking a step forward from the current export market limited to certain languages. The Visiting Korean Book Fair primarily supports the export of Korean publishing content through online video conferences with new international market participants and local B2B book fairs. Host regions and schedule for 2023 Country(Region) Japan(Asia) France(Europe) Thailand(Southe...

VOL.56 / 2023.03

VOL.69/2024.04

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