Private education spending up 10.8% in 2022

• Published date: 07 March 2023
• Publication title: The Korea Times

Spending on private education for Korean students shot up 10.8 percent on-year in 2022, data showed Tuesday, reflecting the country's unwavering enthusiasm for education.

Total expenditures on private education for primary, middle, and high school students amounted to 26 trillion won ($20 billion) in 2022, soaring from 23.4 trillion won tallied a year earlier, according to the data compiled by Statistics Korea.

The average monthly spending on private education per student reached 410,000 won last year, also up 11.8 percent from a year earlier.

When considering just students actually enrolling in private education programs, the amount came to 524,000 won, advancing 7.9 percent over the period.

The increase came despite a 0.9 percent on-year fall in the total number of students to 5.28 million in 2022.

Some 78.3 percent of students received private education last year, up 2.8 percentage points from a year earlier. The figure reached 85.2 percent for...