E-book market to expand 80% in 2013: analysts

2014_04_ebookThe South Korean market for electronic books (e-books) is expected to grow 80 percent this year on the back of rising demand for services on mobile devices, local analysts said Wednesday.

According to Taurus Investment & Securities Co., the size of the local market for e-books is anticipated to reach 583 billion won ($519.8 million) in 2013, compared to 325 billion won tallied a year earlier.

Market watchers said the increase is mainly attributable to the rising number of South Koreans holding smartphones and tablet computers, while more local publishers set their sights on the e-books industry.

“The demand for e-books will continue to increase in the future due to the availability of mobile devices sized 5-inches and above, which makes electronic contents more readable,” said Kim Ji-hyo, a researcher at Taurus Investment.

For full article, see Korea Herald.

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