MJ DeMarco
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Word of warning to anyone thinking about using PLS Literary Agency in Korea for brokering your foreign rights translations in South Korea.
PLS Literary Agency in Korea doesn't honor contracts and is quite possibly engaged in fraud.
If you have a book that is doing well stateside and these people contact you, BEWARE. They are not to be trusted under any circumstances.
To give you the background, my book has done very well in Korea and PLS was contracted as the literary agent. Getting them to pay royalties on a book that has sold TENS OF THOUSANDS of copies has been like pulling teeth. Excuse after excuse, "bad economy" "bills" blah blah blah. I was not aware that my publishing company suddenly became PLS Agency's bank, a source for their mezzanine financing.
After pulling teeth for the 2014 payment, they literally stole our 2015 payment. After hunting down the publisher of the book, turns out the publisher paid PLS the full royalty due, but instead of forwarding the royalty to us (the publisher) PLS kept it all -- and then went silent.
For royalty payment, the publisher is supposed to send the royalties to the literary agency who subtracts their 10% fee, and then passes on the rest to the publisher.
However instead of paying us our royalties, PLS kept the entire amount to themselves, ripping us off on over $16,000.
WRITER / AUTHOR / PUBLISHER BEWARE
PLS LITERARY AGENCY SCAM
PLS Literary Agency in Korea doesn't honor contracts and is quite possibly engaged in fraud.
If you have a book that is doing well stateside and these people contact you, BEWARE. They are not to be trusted under any circumstances.
To give you the background, my book has done very well in Korea and PLS was contracted as the literary agent. Getting them to pay royalties on a book that has sold TENS OF THOUSANDS of copies has been like pulling teeth. Excuse after excuse, "bad economy" "bills" blah blah blah. I was not aware that my publishing company suddenly became PLS Agency's bank, a source for their mezzanine financing.
After pulling teeth for the 2014 payment, they literally stole our 2015 payment. After hunting down the publisher of the book, turns out the publisher paid PLS the full royalty due, but instead of forwarding the royalty to us (the publisher) PLS kept it all -- and then went silent.
For royalty payment, the publisher is supposed to send the royalties to the literary agency who subtracts their 10% fee, and then passes on the rest to the publisher.
However instead of paying us our royalties, PLS kept the entire amount to themselves, ripping us off on over $16,000.
WRITER / AUTHOR / PUBLISHER BEWARE
PLS LITERARY AGENCY SCAM
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