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Court maintains fixed book price system to protect small local publishers

South Korea's Constitutional Court ruled that the fixed book price system, which bans book price discounts of more than 10 percent, is constitutional. The article in the Publishing Industry Promotion Act on the fixed book price system states that the price of a book is determined by publishers and that online retailers are allowed to give a maximum 10 percent discount on all books published 12 months ago or more.

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