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The Manhae Prize for Literature was established by Changbi Publishers, Inc. in 1973 in order to commemorate the achievements of "Manhae" (Han Yong-un) and to contribute to the development of the national literature by succeeding his literary spirit. This prize was revived in spring 1988 along with The Quarterly Changbi. So far, this prize has been awarded for such works as Peasants' Dance by Shin Kyung-rim (awarded at the first ceremony in 1974), Shrieks of a Yellow Dog by Chun Sung-se, The Star of My Homeland by Ko Un, The Shadow of Arms by Hwang Sok-yong, A Windy Island by Hyun Ki-young, A Windy Day by Min Yong, A Coniferous Zone by Kim Myong-su, The Tale of Master Yu by Lee Mun-gu, and General Noktu [Mungbean ] by Song Ki-suk. This prestigious literary prize has caught the attention of literary circles and the general public alike. Prizewinners are selected every year (except 1998) for literary works (a collection of poems, short stories, novels, plays, criticism, etc.) which have been produced during the preceding three years, based on strict criteria. The prize money is 10 million won (approximately US$ 10,000).

1974 ( 1st year): Peasants' Dance, a collection of poems by Shin Kyung-rim
1975 ( 2nd year): Shrieks of a Yellow Dog: Scorching Heat, short stories by Chun Sung-se
1988 ( 3rd year): The Star of My Homeland, vols. 1-3, collections of poems by Ko Un
1989 ( 4th year): The Shadow of Arms, a novel by Hwang Sok-yong
1990 ( 5th year): A Windy Island, a novel by Hyun Ki-young
1991 ( 6th year): A Windy Day, a collection of poems by Min Yong
1992 ( 7th year): A Coniferous Zonea collection of poems by Kim Myong-su
1993 ( 8th year): The Tale of Master Yua collection of short stories by Lee Mun-gu
1994 ( 9th year): General Noktu [Mungbean]a twelve-volume novel by Song Ki-suk
1995 (10th year): Grass Flowers Do Not Breaka collection of poems by Cho Tae-il
1996 (11th year): A Solitary Room, a novel by Shin Kyong-suk
1997 (12th year): A Time of Man, a collection of poems by Paek Mu-san
1998 (13th year): No Winner
1999 (14th year): The Loneliness of Youa collection of short stories by Park Wan-seo
2000 (15th year): Korean Study of 'Seek Truth From Facts',
a collection of essays by Lim Hyung-taek
2001 (16th year): In Search of Poems, a collection of poems by Jeong Hee-sung
2002 (17th year): Bloom, a collection of poems by Kim Ji-ha
2003 (18th year): A Filthy Desk, a novel by Park Beom-shin
On Wandang, a biography by Yu Hong-june
2004 (19th year): Hwang Jini, a novel by Hong Seok-jung
2005 (20th year): The Blue Spirit, a novel by Kim Won-il
2006 (21st year): To an Elm, a collection of poems by Kim Kyu-dong
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