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Spending on Tutoring Tops $14 Billion in 2008

April 15, 2009

South Koreans’ spending on private education jumped more than 7 percent in 2008 despite a protracted economic downturn.

South Korean parents spent a total of 18.72 trillion won ($14 billion) on private education last year, up 7.6 percent from a year earlier, Yonhap News Agency reported Monday, quoting data released by the Bank of Korea.

Spending reached a monthly average of 1.12 million won per household last year, marking a three-fold jump compared with that in 2000.

Click Here for the Full Story (The Korea Times)

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