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 [...]
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, 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, Jan. 16 (Korea Bizwire) — A recent survey has found that students attending science and gifted high schools in South Korea are over six times more likely to engage in expensive private education costing over 1.5 million won per month compared to their counterparts attending regular high schools. This was revealed in a joint press conference [...]
SEOUL, Nov. 28 (Korea Bizwire) – In the past year, high school seniors who received private education on career and college consulting spent an average of over 1 million won on an annual basis, while those who sought tutoring for essay writing spent around 4 million won, according to recent data. According to the “2022 Private [...]
SEOUL, June 26 (Korea Bizwire) — The Ministry of Education announced Monday that extremely difficult questions not taught in schools will be eliminated from the annual college entrance exam as part of the government’s efforts to reduce private education expenses. The ministry said it will push for a “fair College Scholastic Ability Test (CSAT) centered [...]
SEOUL, June 26 (Korea Bizwire) — High-income families with children attending middle or high school spend as much money on private education as they do on food and housing, data showed Sunday. Based on data from Statistics Korea, households in the top 20 percent of income brackets spend an average of 1,002,000 won (US$766) per [...]
SEOUL, March 17 (Korea Bizwire) — South Korea’s “medical school craze” has intensified to the point where students as young as elementary school are attending entrance exam classes. This phenomenon is not limited to the mecca of private education, Daechi-dong in southern Seoul, but is widespread across the country. This trend has become increasingly controversial [...]
SEJONG, March 7 (Korea Bizwire) — Spending on private education for South Korean students shot up 10.8 percent on-year in 2022, data showed Tuesday, reflecting the country’s unwavering enthusiasm for education. Total expenditures on private education for primary, middle, and high school students amounted to 26 trillion won (US$20 billion) in 2022, soaring from 23.4 [...]
SEOUL, Aug. 29 (Korea Bizwire) – The private coding education industry is scrambling to cater to an increase in demand after a recent government decision to nurture digital talent. The government plan includes doubling the time spent on IT education at elementary and middle schools, introducing a programming course as a mandatory part of the [...]