This article examines the rise of a modern print industry in Chosn Korea in the late nineteenth and early twentieth centuries. The common view is that the beginning of Japanese rule in 1910 suppressed a nascent print industry, but after a “dark” period, it underwent a renaissance after the March First Movement in 1919. An examination of available statistics from the period suggests that this view needs to be slightly revised. Though it is true that print capitalism fully emerged in the 1920s, the production of print began to increase significantly after the mid 1910s. The article also discusses the print industry’s role in the formation of the bourgeoisie and how this process was affected by the dynamics of modernization under colonial rule.