South Korea's government is due to unveil plans aimed at curbing the country's burgeoning spending on private education, which has been blamed for being a major factor behind the country's declining fertility rate
SEOUL, June 26 - South Korea's government is due to unveil plans on Monday aimed at curbing the country's burgeoning spending on private education, which has been blamed for being a major factor behind the country's declining fertility rate.
The move comes as President Yoon Suk Yeol this month criticised college entrance tests that incorporate questions not in the curriculum at public schools, including some that have been dubbed "killer questions" due to their complexity. South Koreans spent a record 26 trillion won on private education last year, despite a declining student population, a joint report by the education ministry and the government statistics bureau showed.
Nearly eight in 10 students take part in private education such as cram schools, known as "hagwons", according to the report. This heavy reliance on private education has helped result in South Korea having the world's highest cost of raising a child, according to aShares of education-linked companies in South Korea fell early Monday on caution ahead of the government's announcement.
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