The Korean Literature Prize is an annual award established to recognize outstanding works of literature by Korean authors. It aims to promote and celebrate the richness of Korean literature both domestically and internationally. The prize is awarded in various categories, including fiction, poetry, and essays, highlighting the diversity of literary expression in Korea. Winners of the Korean Literature Prize receive a monetary award and increased visibility for their work, often leading to translations and international readership. The prize not only honors individual authors but also contributes to the global appreciation of Korean culture and storytelling traditions.