South Korea E-Book Market Overview, 2029

In the upcoming years, South Korea's eBook market is expected to increase significantly. As mobile technology becomes more widely used, more and more people are switching from traditional hardback books to their digital counterparts. With their wireless internet connectivity, eBooks have undoubtedly become more popular due to the popularity of smartphones and tablets. South Korea is leading the world in 4G adoption, and this trend is predicted to continue, according to a mobile technology website. The makers of several mobile casinos and slot sites, Gaming Realms, assert that 4G mobile data has altered the digital content environment by enabling wireless and portable devices to access the internet and its content wherever they go. Thus, considering the large number of 4G internet users in the country, theoretically, South Korea ought to be among the leaders when it comes to eBook downloads. This is untrue, though, as a source on Asia-Pacific problems disclosed that the nation is still trailing other top economies in terms of the eBook industry's growth. Although many outstanding Korean authors have found success with eBooks, the survey claims that low-quality content and a dearth of appropriate e-readers capable of reading Korean eBooks are to blame for the delayed adoption of eBooks in the nation. To ensure eBooks' success in South Korea, publishers should be encouraged to promote their digital books more frequently, which will increase the percentage of readers. Book jam, a Korean firm that provides eBook cloud platforms, is showing itself to be an excellent resource for avid readers who can store books for a lifetime as well as a great tool for publishers and authors to create apps for their publications. According to the research report "South Korea E-Book Market Overview, 2029," published by Bonafide Research, the South Korea E-Book Market is expected to reach market size more than USD 100 million by 2029. Due to its high GDP per person and high level of disposable income, South Korea has strong purchasing power when it comes to digital products like eBooks. The widespread use of 4G and the internet makes it simple to browse and download eBooks on a variety of devices. Technological developments in e-readers, such as enhanced screens, e-ink, and water resistance, enhance the reading experience and draw in new customers. Since of their well-known passion for reading, Koreans are open to using digital formats like eBooks. The widespread use of tablets and smartphones has made it possible to read eBooks on the go on a comfortable platform. More and more Korean authors are choosing to self-publish, which is expanding the variety and accessibility of Korean content. The demand for self-improvement and educational eBooks is fueled by Koreans' high emphasis on education and information gain. Local eBook retailers with user-friendly UI and competitive pricing, such as Ridibooks and Kyobo Book, are market leaders. They are more enticing to readers in the country since they can access locally created eBooks and excellent translations into Korean. Government funding for the creation of eBooks and infrastructure upgrades also propels industry expansion.

Based on by Platform the market can be categorized by Smartphones, Tablets & e reader, Laptops & pc. In the South Korean eBook market, tablets and e-readers are becoming increasingly popular due to a complex web of interrelated causes. Tablets combine reading e-books with other digital activities like web surfing, gaming, and video viewing to create the best of both worlds. This meets the diverse needs of today's readers. Because of South Korea's high smartphone and tablet penetration rate, e-books are easily available when traveling. This is a great fit for the hectic lifestyle that many Koreans lead. Since they have a strong passion for reading, Koreans are open to new book forms like eBooks. This interest is further enhanced by the portability and convenience of tablets and e-readers. Based on by Product the market can be categorized by Consumer eBook, Professional ebook, Educational ebook. With a rise in smartphone usage and internet penetration, South Korea has been through a major digital change. This change has affected how individuals read books and other forms of content. The ease with which eBooks may be accessed on electronic devices has added to their appeal. High-speed internet connectivity is widely available in South Korea, a country with a sophisticated technology infrastructure. Customers are encouraged to choose digital reading platforms as a result of this making eBook downloading and reading easier. A significant section of the populace in South Korea uses smartphones for a variety of purposes, demonstrating the country's strong mobile culture. E-Books are a great fit for mobile devices because they provide consumers the freedom to read on the go. Based on by User the market can be categorized by male, women. Diverse material targeted at women has witnessed a boom in the South Korean eBook industry. Books in a variety of categories, including romance, fiction, self-help, and lifestyle, are included here that appeal to female readers. This demographics’ increasing participation has been facilitated by the availability of information catered to their interests as women. The female demographic finds eBooks especially appealing due of their accessibility and convenience. Due to their hectic schedules, women could find that reading books digitally especially on mobile devices make it easier to integrate reading into their calendars.

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Manmayi Raval

Research Consultant

Considered in this report: • Geography: South Korea • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029 Aspects covered in this report: • South Korea E-Book market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Platform: • Smartphones • Tablets & e reader • Laptops & pc

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By Product: • Consumer eBook • Professional eBook • Educational eBook By User: • male • women The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the E-book industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.