Wadiz Expands Book Category in Full Swing... "Funding Supporters Increased by 62%"

Suggesting a New Paradigm for the Publishing Industry

Wadiz announced on the 24th that the number of supporters for book funding increased by 62% compared to the same period last year. During the same period, the number of projects also rose by 44%.

Wadiz attributed the growth of book funding to the success of the publishing special exhibition 'Sammu Bookstore.' The exhibition, held from the 16th of last month to the 2nd of this month, attracted over 48,000 notification requests and succeeded in raising funding worth over 1 billion KRW, providing new opportunities for small publishers.

Wadiz, Book Funding Increased by 62% Compared to the Previous Year. Photo by Wadiz

The Wadiz Sammu Bookstore organized categories tailored to segmented reader preferences, such as ▲Artificial Intelligence (AI) Art ▲Bookscent ▲Book Freelancer, and showcased publications that are difficult to find in traditional bookstores. Notably, 'Chupi's Life Story' presented by Mujigae Publishing achieved pre-order sales of 270 million KRW in about 20 days, and Minumsa’s 'Ban-gasayusang,' fully reissued after 20 years, reached 4000% of its funding goal within two days of opening, concluding with 60 million KRW in funding.

Building on the growth of the book category, Wadiz plans to actively support the funding success of authors and publishers. On the 26th, an online funding briefing session will be held for authors and publishers. A Wadiz publishing specialist PD will serve as the speaker, sharing know-how on book sales and distribution strategies. Applications and inquiries can be checked through the 'Wadiz Maker Center.'

A Wadiz representative stated, "We are strengthening support for publishers and authors and planning numerous fundings that highlight books in fields that could not be found in existing bookstores according to diversified reader preferences," adding, "Wadiz will strive to become a platform where more authors and readers can meet."

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