koreanlit1-1, Exercise 2: LTI Korea

Model answer:

The Literature Translation Institute of Korea is a South Korean nonprofit founded in 1996 by the government "with the aim of promoting Korean literature and culture overseas". It began as the Korean Literature Translation Fund, was renamed a translation institute in 2001, became a special corporation in 2005 and was placed under the Literature Promotion Act in 2016.

What it does (per the article): quarterly translation grants (since 2014 a sample translation is funded first, the rest after the translator and author sign a deal with an international publisher); publication grants to foreign publishers; forums and the Seoul International Writers' Festival; translation academies in seven languages; a library opened to the public in 2007; the English magazine Korean Literature Now.

Why some figures are history: many figures (about 5,000 circulation, nearly 100 students, 24 writers at the 2010 festival, forums in six countries in 2011) come from 2010 to 2012 sources, and several references are dead links. The page's last-edited date does not mean its figures are current.

Source: Wikipedia, Literature Translation Institute of Korea.