Private education spending surges over 60% despite shrinking student population
Even as Korea’s student population has shrunk because of the country’s low birthrate, spending on after-school tutoring and test preparation academies has risen by more than 60 percent over the past decade. The increase has been driven largely by a surge in private tutoring among elementary school students, as demand shifts to increasingly younger ages. According to data released Sunday by the Korea Statistical Information Service (KOSIS), household spending on private tutoring academies reached 29.19 trillion won ($20.18 billion), marking a 60.1 percent increase from 2014. After declining through 2015, when spending fell to 17.83 trillion won, expenditures on after-school tutoring and test preparation centers began rising again in 2016 and surpassed 20 trillion won in 2019. Spending dipped temporarily to 19.35 trillion won in 2020 during the COVID-19 pandemic, but has increased for four consecutive years since 2021. While the number of students is declining, overall spending on private tutoring has continued to rise, influenced by a range of social and economic factors. KOSIS attribut
