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South Korea's families spent a record $20.2 billion on private tutoring in 2024, driven by intense academic pressure and rising costs.
South Korean families spent a record 29.2 trillion won ($20.2 billion) on private tutoring in 2024, a 60% rise since 2014, with elementary school spending up 74%.
Private education now consumes 13.5% of household budgets, second only to food, driven by intense academic competition and uncertainty in college admissions.
Despite a shrinking school-age population, rising hagwon costs and dual-income households relying on tutoring for both academics and childcare continue to fuel the trend.
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Las familias de Corea del Sur gastaron un récord de $ 20.2 mil millones en tutorías privadas en 2024, impulsadas por la intensa presión académica y el aumento de los costos.