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 [...]
SEOUL, Jan. 10 (Korea Bizwire) – Korean parents are infamous for their zealous desire to educate their young. But a recent study from the Korea Institute of Child Care and Education revealed that private education in Korea is prevalent even among preschoolers aged five and lower, despite concerns that strenuous studies at an early age [...]
SEOUL, Aug. 23 (Korea Bizwire) – South Korea’s government on Tuesday said it has imposed administrative penalties on some hundreds of private education institutes illegally operating in the affluent southern part of Seoul this year. The Seoul Gangnam Seocho District Office of Education said a total of 259 cram schools were fined or received other [...]
SEOUL, Aug. 16 (Korea Bizwire) – Among many things, Korean parents are well-recognized for their passion for educating their children. But a recent KIET (Korea Institute for Industrial Economics & Trade) report revealed that education expenditures are more sensitive to changes in income compared to other areas of household spending. The report showed that spending [...]
SEOUL, Korea, Feb 28 (Korea Bizwire) – Parents’ burden in the cost of out-of-school private lessons keeps declining since 2009, although the diminishing amount is small, according to a government statistics. Statistics Korea announced on February 27 that the cost of private education spent in Korea last year totaled 18.6 trillion won ($17.4 billion), a [...]