Comments on: Hagwon Spending Curbs “Massive Pile of FAIL” http://ratemyhagwon.com/2008/12/04/korea-government-cant-curb-hagwon-costs/ + the Latest News, Jobs, and Culture in Korea Sun, 22 May 2011 07:07:45 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Albert http://ratemyhagwon.com/2008/12/04/korea-government-cant-curb-hagwon-costs/comment-page-1/#comment-280 Albert Sat, 06 Dec 2008 03:24:57 +0000 http://ratemyhagwon.com/?p=2902#comment-280 I googled "what $30-billion can buy" and it looks like you can buy Yahoo for that amount, or at least make a bid. But in actuality, the $30-billion is for the total spent on private ed, while $15-billion is the amount spent on private english education (but then again that figure would probably jump if you count in the tutoring fees). <em>Experts said that Koreans spend an estimated 30 trillion won on private education per year. About 15 trillion won is spent for private English lessons annually.</em> http://www.koreatimes.co.kr/www/news/nation/2007/10/116_11603.html So, I googled what 15-billion can buy. One word: Facebook I googled “what $30-billion can buy” and it looks like you can buy Yahoo for that amount, or at least make a bid.

But in actuality, the $30-billion is for the total spent on private ed, while $15-billion is the amount spent on private english education (but then again that figure would probably jump if you count in the tutoring fees).

Experts said that Koreans spend an estimated 30 trillion won on private education per year. About 15 trillion won is spent for private English lessons annually.

http://www.koreatimes.co.kr/www/news/nation/2007/10/116_11603.html

So, I googled what 15-billion can buy. One word: Facebook

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