South Korea’s $4 Million Teacher

“Tutoring services are growing all over the globe.  But nowhere have they achieved the market penetration and sophistication of hagwons in South Korea, where private tutors now outnumber schoolteachers.  The bulk of Mr. Kim’s earnings come from the 150,000 kids who watch his lectures online each year.  For decades, the South Korean government has been trying to tame the country’s private-education market. Politicians have imposed curfews and all manner of regulations on hagwons, even going so far as to ban them altogether during the 1980s, when the country was under military rule. Each time the hagwons have come back stronger.”

http://online.wsj.com/article/SB10001424127887324635904578639780253571520.html

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