SEOUL, April 29 (Korea Bizwire) – The South Korean book market is at a crossroads. South Koreans now spend less than ever on books, with the average person forking out just over 16,000 won per month, according to a recent report. While more and more young people turn away from books and divert their attention to [...]
SEOUL, March 29 (Korea Bizwire) – A group of 76 small and medium-sized bookstores are ready to open a portal online service to provide various information on books and bookstores as they are struggling to find a way out from financial difficulties, according to publishing industry sources on Tuesday. The Korea Federation of Bookstore Association [...]
SEOUL, Nov. 5 (Korea Bizwire) – As a new government scheme to regulate bookstores from selling their books at excessively discounted prices is set to go into effect, the bookselling industry is busy responding to the change. In order to clear inventories before the November 21 deadline, many online and brick-and-mortar booksellers have gone on bargain sale [...]
SEOUL, Sep. 20 (Korea Bizwire) – Aladin, an online bookstore in Korea, launched a new type of e-commerce payment service for its website on September 17. Even though the book seller on the Internet has already attempted to introduce the new system in 2009 and again in 2013, it failed to do so since domestic [...]