SEOUL, Mar. 19 (Korea Bizwire) – As stubbornly high inflation persists, South Korean households are tightening their purse strings even on private education expenses, long considered the last bastion of family budgets, according to data released on March 18. BC Card, a major credit card company, reported a staggering 24 percent year-over-year plunge in education-related spending [...]
DAEGU, Mar. 19 (Korea Bizwire) — South Korea stands as an outstanding force in the global chipmaking arena, led by industry giants like Samsung Electronics Co. and SK hynix Inc., leaders in memory chip manufacturing. South Korea’s semiconductor exports amounted to US$99.7 billion last year, accounting for some 16 percent of the country’s overall overseas [...]
SEOUL, Mar. 14 (Korea Bizwire) — Spending on private education for South Korean students reached an all-time high in 2023 despite the fall in the student population, data showed Thursday. Total expenses on private after-school classes for primary, middle and high school students stood at 27.1 trillion won (US$20.6 billion) last year, reaching a record [...]
SEOUL, Mar. 11 (Korea Bizwire) –The Board of Audit and Inspection of Korea has confirmed allegations of a so-called ‘private education cartel,’ involving active teachers providing mock test questions to private education companies in exchange for monetary compensation. The audit, conducted from September last year over a three-month period, scrutinized the involvement of educators in [...]
SEOUL, Mar. 11 (Korea Bizwire) — The government seeks to establish public high schools for children of military families in an effort to improve their living and education conditions, the defense ministry said Monday. The defense and education ministries were set to sign a memorandum of understanding later in the day to make joint efforts [...]
DAEJEON, Feb. 29 (Korea Bizwire) – Graduate students at the Korea Advanced Institute of Science and Technology (KAIST) are receiving an average monthly stipend of 1.66 million won, a figure significantly below the minimum wage, according to a recent survey. This has sparked discussions on the need for fair compensation, as these students not only [...]
SEOUL, Feb. 22 (Korea Bizwire) – Duksung Women’s University is currently facing opposition from its community members due to its plans to discontinue the German Literature and French Literature departments starting from the academic year 2025. The decision, primarily based on the departments’ waning popularity, has sparked fears of accelerating the crisis in humanities, as similar [...]
SEOUL, Feb. 14 (Korea Bizwire) – From next year, private educational institutions, along with the Bank of Korea, the Korea Chamber of Commerce and Industry, and broadcasters like KBS, will be mandated to purchase ‘green products’ unless there are compelling reasons not to do so. The Ministry of Environment announced that the amendment to the Enforcement [...]
SEOUL, Feb. 12 (Korea Bizwire) – The number of elementary, middle and high school students in South Korea is expected to fall below the current 5-million level in the next two years, data from a state-run institute showed Monday, amid the country’s chronically low birthrates. The total number of the students is estimated to decline [...]
SEOUL, Feb. 8 (Korea Bizwire) – With the South Korean government’s decision to increase medical school seats by 2,000 starting from next year’s admissions, there has already been a flood of inquiries from working professionals and college students. Top-tier universities, particularly the prestigious ‘SKY’ schools (Seoul National University, Korea University and Yonsei University), are showing signs [...]