SEJONG, Mar. 12 (Korea Bizwire) — South Korea’s total spending on private education for children came to about 19.5 trillion won (US$17.2 billion) in 2018, up 4.4 percent from a year earlier, government data showed Tuesday. The data compiled by Statistics Korea showed that 72.8 percent of 5.58 million students across the country received private [...]
SEOUL, Feb. 27 (Korea Bizwire) – Seven out of 10 South Korean students used private education and single-member families accounted for nearly 30 percent of the country’s households in 2017, data showed Wednesday. The findings, based on figures released by the Ministry of Health and Welfare between 2017 and 2018, were compiled by combining 260 [...]
SEOUL, Feb. 12 (Korea Bizwire) – South Korea plans to introduce a credit system for high schools where students can choose the subjects they want to study, just like at university. High school credit systems are already in place in Finland and the United States, regarded by some as the two most innovative countries in [...]
SEOUL, Jan. 23 (Korea Bizwire) — According to a report released by Statistics Korea on Tuesday, government support for public education reached 53 trillion won (US$47.2 billion) in 2015, up 2.8 percent from the previous year. The support for public education was targeted to young children aged 6 to 17. However, the support for public [...]
SEOUL, Jun. 5 (Korea Bizwire) — According to a survey conducted by Statistics Korea, families in the highest income bracket spent 27 times more money on private lessons for their children than those from lower income backgrounds. The survey found that income earners in households belonging to the top 20 percent spent 242,600 won on [...]
SEOUL, Apr. 15 (Korea Bizwire) — Total household spending on private education for children exceeded 40 trillion won (US$37 billion) last year despite the country’s declining birth rate, the central bank said Saturday. South Korean households spent a total of 40.94 trillion won on private education in 2017, up 2.8 percent from 39.84 trillion won [...]
SEJONG, Apr. 2 (Korea Bizwire) — Eight out of 10 primary school students received private education and other extracurricular activities in the past decade, with a majority of their parents feeling the pinch of high education costs, data showed Monday. According to the data compiled by Statistics Korea, 80 percent of the country’s elementary school [...]
SEOUL, Mar. 19 (Korea Bizwire) — Monthly spending on private education rose 33 percent last year compared with 10 years earlier, a survey showed Saturday, pointing to South Koreans’ zeal for education. Households spent a monthly average of 384,000 won (US$359.38) per child on private tutoring in 2017, up from 288,000 won in 2007, according [...]
SEOUL, Aug. 24 (Korea Bizwire) — The Korea Economic Research Institute held a seminar on August 23 regarding social mobility and education, where Professor Lee Joo Ho of the Korea Development Institute presented his findings on the correlation between children’s school grades and a family’s economic, social and cultural standing (ESCS). His research was based [...]
SEOUL, Jan. 12 (Korea Bizwire) – The cost of private education for children is heavily eroding what little is left of spendable family income, a challenge to government effort to revive the economy through consumption, statistics indicated Thursday. Official numbers from Statistics Korea said a city-dwelling family of two people or more on average spent [...]