Recession boosts book sales

According to Yonhap, the financial downturn has boosted sales of books on finance, employment and religion, the last of which saw a 185 percent spike in sales last year. Cooking too was a big seller as more families are staying in to eat rather than dining out.

“Books are hardly luxury items. They are one of the most inexpensive means of entertainment that last quite long compared to movies or plays,” said Song Young-ho at Yes 24, a local Internet bookstore that sold more than 25 million books last year. “We expect to do even better this year with our increased discount services.”

“People are, naturally, trying to find answers to the financial crisis and are turning to religion and self-help books for comfort,” said Park Young-joon, the branch manager of Gwanghwamun Kyobo Book Center. “Novels are also popular during the difficult times with many people keen to escape from reality.”

Looks like the recession did what all those mothers out there couldn’t - get their kids to read more.


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