Wednesday, September 28, 2011

Did I Forget To Mention $4 Million?

South Korea: Kids, Stop Studying So Hard! - TIME: "Still, the Education Ministry can point to one recent victory in this long fight: spending on private instruction decreased 3.5% in 2010, the first drop since the government began tracking the figure in 2007. Does the decline signal a trend? Well, Koreans still spent 2% of their GDP on tutoring, even with the downtick. Andrew Kim, a very successful instructor at Megastudy, South Korea's largest hagwon, says he earned $4 million last year from online and in-person lectures. He agrees that the system is far from ideal, but so far he has seen no impact from the reforms on his income. "The tougher the measures," he says, "the more resilient hagwons become." In response to the government-imposed curfew, for example, many hagwons have just put more lessons online for students to buy after hours at home."
A country where they are trying to stop studying. I don't think the U.S. will be facing this problem any time soon...