Knowledge
Korean Publishing Market’s Trends in 2024 and Outlook for 2025
2024.12.02
Trends in 2024: Questioning life, fandoms, and Nobel Prize in Literature
Philosophy and psychology books have dominated the Korean publishing market, with Reading Schopenhauer at Forty (Uknowbooks) topping the overall bestseller list through August. Also, 11 of the 30 bestselling fiction titles in the first half of the year were “rebound” titles, meaning they were published more than 10 years ago. In addition, the nonfiction category returned to growth after 4 years of decline, and the cases of books becoming bestsellers after being recommended by celebrities increased.
Reading Schopenhauer at Forty; Contradictions; Gu’s Proof
Nonfiction titles were also strong. Patrick Bringley’s All the Beauty in the World, the top-ranked title in the nonfiction category, has garnered significant attention, reaching the top of the overall bestseller list. The book began gaining traction late last year when film critic Lee Dong-Jin named it his personal “book of the year” on his YouTube channel. Such celebrity endorsements are powerful in terms of sales and marketing. For example, more than 13 titles hit the bestseller lists after being introduced by Lee Dong-Jin, a critic Korean readers “trust and read.” Also, books introduced by members of idol groups such as BTS, LE SSERAFIM, IVE, and others continued to make headlines.
A poetry collection commemorating the 500th issue of Changbi Sisun;
It was Han Kang’s winning of the Nobel Prize in Literature that struck the Korean publishing market in the second half of this year. The news that Han Kang, a novelist and poet, had become the first Korean to win the Nobel Prize in Literature broke on the night of October 10. The whole country rejoiced. Among the 121 winners of the Nobel Prize in Literature, Han Kang is the 18th female winner and the first Asian woman. As described by her father, the famous novelist Han Seung-Won, her sentences are “delicate, exquisite, and heartbreaking.” At the heart of them are the suffering and pain of the Korean people who lived through turbulent modern history. Han Kang has never hesitated to plunge into tragedy with her incredible sense of empathy. The sales (including orders) of Han Kang’s key titles, including The Vegetarian (Changbi Publishers), Human Acts (Changbi Publishers), We Do Not Part (Munhakdongne), Greek Lessons (Munhakdongne), and Yeosoo’s Love (Moonji Publishing), exceeded 1 million copies in Korea’s top three online and offline bookstores alone within five days of the award announcement, and over 3 million copies were printed within a month. However, local bookstores that missed out on sales by not being able to obtain the books early on publicly complained to publishers and wholesalers. Also in the spotlight was a small bookstore, “Bookstore Today (책방오늘),” which Han had run for 6 years. Though the bookstore has become a tourist attraction, she recently announced that she will be taking a break from running it for the time being.
“Bookstore Today,” a small 10-square-meter bookstore in Seoul run by Han Kang
The Vegetarian; Human Acts; We Do Not Part
Sayno Love (Day One), a down-to-earth life guide for young people by an anonymous, self-made, super-rich author, has sold more than one million copies, hitting 60th printing in July this year, 17 months after its publication. The book is a symbol of “practical reading” for young readers, looking for books that are immediately useful and cost-effective. Relatedly, e-book reading platform Millie Seojae analyzed that there is a strong preference for books that give “wise solace” through a scientific approach. Examples include emotional and psychological books based on research findings in brain science, such as Brain Science When Depressed and Your Brain Wants Optimization. This shows that the trend of so-called “how-to” books is spreading beyond practical and self-help books to include other genres such as nonfiction, psychology, and liberal arts.
* K-Book Trends Vol. 73 – Go to the article about the 2024 Seoul International Book Fair
At the “2024 K-Book Copyright Market” organized by the Publication Industry Promotion Agency of Korea (KPIPA) at Lotte Hotel in Jamsil, Seoul, two days before the opening of the book fair, business meetings between about 100 Korean publishers and 100 buyers, including overseas publishers, took place. The event, which was held on the largest scale this year with the expanded publishing export support policy, garnered strong responses both at home and abroad, as overseas buyers were invited to hold copyright consultations and visit the book fair together in an effort to export copyrights of Korean books.
* K-Book Trends Vol. 71 – Go to the article about the 2024 K-Book Copyright Market
The 2024 K-Book Copyright Market (June 24-26, 2024)
Outlook for 2025: The “year of picture books,” expanding reading horizons
The global economy is mired in recession and high prices. Readers’ demand for reading and search for new pursuits and growth will also affect publishing. I look forward to the performance of self-help books and all kinds of practical books in the Korean publishing market. Additionally, education-related books, such as study guides for elementary, middle, and high school students, as well as books on parenting, which have a structurally significant share in the market, are expected to perform well. The growth of literary publishing, boosted by the "Han Kang effect," is also anticipated. Furthermore, as Korea enters an ultra-aging society, there will be an activation of publishing plans targeting the elderly, along with the production of large-print books. The release of new works by famous authors and the continued fandom phenomena driven by celebrity recommendations will also persist. Also, it is expected that many books will be published marking the 60th anniversary of diplomatic relations between Korea and Japan.
Written by Baek Won-Keun (Books & Society Research Institute, President)
Baek Won-Keun (Books & Society Research Institute, President) #Fandom#Han Kang#Nobel Prize in Literature#Year of Books#Picture Books |
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