The private think tank affiliated with the Hyundai Group said each household sets aside an average of 646,000 won for private tutoring, or 381,700 won per child. What’s astonishing is that the total volume of South Korea’s private tutoring market is estimated at 33.5 trillion won, accounting for 3.95 percent of the nation’s gross domestic product (GDP). The sum exceeds the government’s entire education budget of 31 trillion won. The burden is much higher than that of other countries belonging to the Organization for Economic Cooperation and Development (OECD).
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