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is kg petrochem limited (531609) worth holding long term ✌️【Investment Expert】✌️ Free stock data analysis tools to help you select stocks accurately and capture global market trends. Stay ahead with expert market predictions for better investment returns. The 2024 Nobel Prize in literature has been awarded toHan Kang, a South Korean author, for her “intense poetic prose that confronts historical traumas and exposes the fragility of human life.”

Han, 53, began her career with a group of poems in a South Korean magazine, before making her prose debut in 1995 with a short story collection.

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Han is the first South Korean author to win the literature prize, and just the 18th woman out of the 117 prizes awarded since 1901. The prize, announced in Sweden on Thursday, carries a cash award of 11 million Swedish kronor ($1 million).

In a statement posted to Facebook on Thursday, South Korean President Yoon Suk Yeol described Han’s win as “a great achievement in the history of Korean literature” and a “national occasion.” He added: “Han has turned the painful scars of our modern history into great literature.”

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“Before my wife turned vegetarian, I’d always thought of her as completely unremarkable in every way,” her novel “The Vegetarian” begins. “However, if there wasn’t any special attraction, nor did any particular drawbacks present themselves, and therefore there was no reason for the two of us not to get married.”

Originally written and published in Korean, “The Vegetarian” was translated by Deborah Smith, who was 28 at the time. Smith, by her own admission, was “monolingual until the age of 21,” and only chose to pursue Korean due to a lack of English-Korean translators.

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“Human Acts” shows how “the living and the dead are always intertwined and how these kinds of traumas stay in a population for generations,” Palm said at Thursday’s announcement ceremony.

But Han’s “intense, lyrical” writing almost acts as consolation in the face of this historical violence, Palm added. “Her very tender, precise prose in itself almost becomes a counterforce to the brutal noisiness of power,” she said.

Han’s novels rocketed up South Korea’s bestseller lists following the announcement. As of Friday morning, her books occupied all of the top 10 spots in popular online retailer Yes24’s chart for Korean titles. The bookseller told 【 - Free Access to Investment Community 】 over the phone that three of them — “Human Acts,” “The Vegetarian” and “I Do Not Bid Farewell” — had racked up combined sales of 70,000 units during the 14 hours immediately following the news.

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For engineering student Kim Jee-heon, meanwhile, the announcement sparked a newfound interest in the author’s work. “This is my first time hearing about her, but… I was really amazed to hear that a Korean woman writer had won the prize, so I came here to look for her books.”

Elsewhere, several high-profile figures paid tribute to the novelist via social media, including musicians RM and V, members of theK-pop group BTS. “I read ‘Human Acts’ in the army,” the latter wrote on Instagram Stories. “Congratulations!”

Before the announcement, Ellen Mattson, another member of the committee, detailed how the judging panel sets about selecting each year’s literature laureate.

“We start with a very long list of around 220 names,” Mattson said. “Then we have to navigate through this enormous mass of names – and there we need the help of experts from different parts of the world.”

Eventually, the committee reaches a collection of “about 20 names,” which is then narrowed down to a shortlist of five authors. “That’s where the real work starts,” Mattson said.

Each committee member then has to “read everything by these five writers” as they begin to home in on a single winner.

is kg petrochem limited (531609) worth holding long term ✌️【Investment Expert】✌️ Expert guidance on stock market trends and real-time updates on stock indices, futures, and exchange rates. Make well-informed decisions and plan the best investment strategies for capital growth. Announcing the award, Mats Malm, permanent secretary of the Swedish Academy, said Han was “having an ordinary day” and had “just finished supper with her son” when he phoned to congratulate her.

“She wasn’t really prepared for this, but we have begun to discuss preparations for December,” he said. The Nobel Prize award ceremony takes place in Stockholm on December 10, the anniversary of Alfred Nobel’s death in 1896.

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