Ministry of Culture, Sports and Tourism Supports Growth Leap of Small and Medium Publishers with 3 Billion Won Investment

Fostering Sound Businesses and Encouraging Quality Book Publishing
Strengthening Accountability of 'Sejong Books' Recommendation Committee

The Ministry of Culture, Sports and Tourism and the Korea Publication Industry Promotion Agency announced on the 11th that they will promote the 'Small and Medium-sized Publishers Growth Leap Support Project' this year. This project supports customized programs tailored to the growth stages of small and medium-sized publishers with five or fewer employees. The goal is to foster sound publishing companies and encourage the publication of high-quality books.

On the 6th, as the heatwave rages, citizens are cooling off at Kyobo Bookstore Gwanghwamun Branch in Jongno-gu, Seoul. Photo by Mun Ho-nam munonam@

The Ministry of Culture, Sports and Tourism provides publishing companies in the growth stage within three years of establishment with production costs of around 10 million KRW per work for excellent and well-completed planning, management consulting by field, and space within the Publishing Knowledge Startup Incubation Center located in Sangam-dong. For leap-stage publishers exceeding three years since establishment, bold projects with high publishing difficulty receive production costs of around 20 million KRW per work, support for digital transformation (such as enterprise resource planning system establishment or data marketing consulting), and marketing to strengthen reader connectivity.

A total of 3 billion KRW will be invested in the project. On the same day, the selection plan for support project recipients was announced on the Publication Industry Promotion Agency’s website. A Ministry of Culture, Sports and Tourism official explained, "We will proceed with 1.3 billion KRW for excellent publishing content production and 700 million KRW for supporting content creation by small and medium-sized publishers," adding, "In addition, we plan to strengthen publishers’ capabilities and survival by supporting space, management, and marketing according to growth stages."

Meanwhile, the Ministry of Culture, Sports and Tourism will further strengthen the responsibility of the 'Sejong Books' recommendation committee, which encourages the publication of quality books. The pre-review period will be extended from the existing two weeks to three weeks, and recommendation reviews for all recommended books will be disclosed. Detailed distribution plans will be discussed at the Sejong Books project operation committee. The support limit for selected Sejong Books will be increased from the existing 8 million KRW to a maximum of 10 million KRW. Distribution channels will also be expanded to include overseas Korean language resource centers.

This content was produced with the assistance of AI translation services.