SEOUL, Nov. 1 (Korea Bizwire) — So-called English Kindergartens in Seoul, specializing in teaching English to toddlers, were found to cost more than the average annual tuition fee at universities. The World Without Concerns for Private Education, a civic group, reported that English kindergartens in Seoul charge an average of 1 million won (US$888) per [...]
SUWON, Nov. 10 (Korea Bizwire) – Korea’s low birthrate, which began dropping in the 1970s, is gradually leading to a decline in the number of college students. The number of new college admissions declined from 549,000 in 2014 to 529,000 in 2015 and 516,000 in 2016. As a countermeasure to Korea’s changing demographics, schools are [...]
![[FastKorea] Colleges pad salaries by paying for pensions](http://koreabizwire.com/wp/wp-content/uploads/2013/07/piggie-bank_college-tuition-800x531.jpg "[FastKorea] Colleges pad salaries by paying for pensions")
The Ministry of Education said on Wednesday that 39 colleges across the nation have been caught unlawfully spending 186 billion won ($163.1 million) by covering the pension payments for their school personnel. The practice is causing an uproar as the schools mostly drew from student tuition fees to pay the teachers’ pensions, which account for 7 [...]