Who says teaching doesn’t pay? It sure does for an elite group of hard working and innovative teachers in education crazed Korea.
Prestigious hagwons (private schools) in Seoul’s ritzy Gangnam district, are the driver behind Korea’s 20 billion dollar hagwon industry and online instructors like Cha Kil Yong are reaping the rewards.
About 300,000 students take his online class at any given time, paying $39 for a 20-hour course (traditional cram schools charge as much as $600 for a course).
The Washington Post reports on why “climbing the education ladder” in Korea starts at a such an early age and how the social stigma of not getting into a good college, company can lead to poor marriage prospects and have catastrophic consequences for some Koreans.
You’ll also learn about Korea’s helicopter mothers and goose fathers.
How one online tutor in Korea earned $8 million dollars last year