Private Education Spending Gap Hits Record High
The gap in spending on private education has reached an all-time high between the rich and the poor.
The Bank of Korea (BOK) reported Tuesday that household expenditure on education reached 30.6 trillion won from January through September this year, up 2.2 percent from the same period in 2008. The 2.2 percentage-point increase was the slowest since the central bank began compiling data in 2000.
Additionally, the nation spent $3.24 billion on overseas study and training during the nine-month period, down 16.7 percent from the same period last year.
Click Here for the Full Story (Source: The Korean Times)