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Private Education Cost Surges 55%

March 4, 2010

Kim Seung-hee, a 45-year-old small business owner living in Seoul, earns about 5 to 5.5 million won each month. Of that, he spends upwards of 1 million won ($867) on his children’s education.

Kim’s daughter and son are in their second and first year of junior high, respectively. They learn English and mathematics from private tutors, which cost Kim a total of 800,000 won each month. When combined with expenses for books and school tuition fees, and other expenses, Kim’s spending on his children’s education easily reaches 1 million won a month.

Click Here for the Full Story (Source: The Korean Herald)

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