2023: South Korea's private education expenses hit a record high of 27.1 trillion won, up 4.5%, despite a 1.3% decline in students.
In 2023, South Korea's private education expenses reached a record high of 27.1 trillion won (US$20.6 billion), up 4.5% from the previous year, despite a 1.3% decline in the total student population. The average monthly spending on private education per student increased 5.8% to 434,000 won. This trend marks the third consecutive year of record-breaking private education spending in South Korea.
March 14, 2024
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