Annual scientific publishing costs in South Korea exceed 100 billion won... ”Shift to open access must be accelerated”

It has been revealed that the cost of publishing papers in the field of science and technology in South Korea will exceed 100 billion won (about 10.7 billion yen) in 2023.
The Korea Institute of Science and Technology Information (KISTI) conducted a seminar entitled "Global Comparative Analysis of Paper Publishing Costs and Its Implications"
KISTI Global R&D Analysis Center and Open Access Center will be running the Web of Science from 2019 to 2023.
Using the article publishing cost (APC) database created by KISTI for 5 million open access articles registered in Science, we analyzed the article publishing costs of major publishers and countries.
According to the KISTI issue brief, the Web of
For the publication of open access articles in journals registered with Science
The total amount of research paper publishing fees paid to publishers in 2020 is expected to reach 13.7 trillion won, up from 1.56 trillion won in 2019 to 3.84 trillion won in 2023.
This is significantly higher than the 1.7-fold increase in open access literature during the same period.
The estimated size of the projects was 2,753.4 billion won for MDPI, followed by Springer.
Nature won 2.3355 trillion won, Elsevier won 2.2966 trillion won, and Wiley won 1.5372 trillion won.
In Korea, the amount paid to publishers for publishing articles was 1,231.2 billion won, while Frontiers was 1,231.2 billion won, and Taylor & Francis was 478.3 billion won.
It is expected to steadily increase from 46 billion won in 2019 and exceed 100 billion won in 2023. In particular, the total cost of publishing articles paid to MDPI publishers, along with Italy, among the comparison countries, is
KISTI President Lee Sik said, "In response to the trend of Korea's open access papers being over-reliant on certain publishers and the sharp increase in the cost of publishing papers, we will consider the future of public funding.
"KISTI will continue to monitor and respond to various changes in the global science and technology environment based on data," he said.
We will support ongoing monitoring."