Spending on Private Tutoring tops $14 billion in 2008
According to a report in the Korea Times, spending on private tutoring in South Korea topped US $14 billion in 2008. This amounted to a 7.6 percent increase from the previous year. Spending on private education has been rising sharply since 2001 when it stood at 8.11 trillion won. In 2003, the figure exceeded the 10 trillion won mark before growing to 12.86 trillion won in 2004 and 13.75 trillion won in 2005. The spending rose to 15.65 trillion won in 2006.
This is just the latest evidence that Korean parents continue to sacrifice greatly for their children’s education.