The Dark Side of Korea’s Education Obsession

In 1980, the South Korean government banned college students and school teachers from making money through private tutoring.

It didn’t work. Few governments have tried more to corral their people’s private education spending than South Korea. Yet each year Koreans still spend billions of dollars of their own money - up to a third of their income - to send their kids to supplementary learning.

Excessive spending on the private education industry is an issue across Asia, but the education fever in South Korea is particularly strong. In this video, we are going to dive deeper into South Korea's ridiculous private education problem.

Corrections:
6:03 - Should be CEOs, Politicians and Judges, not CEOs CEOs CEOs. Some strong Ballmer energy there.

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