The $4 Million Teacher – Yahoo! Finance

 

A private teacher in Korea earns   million/year from tutoring!

“Mr. Kim (a “rock star teacher”) works about 60 hours a week teaching English, although he spends only three of those hours giving lectures. His classes are recorded on video, and the Internet has turned them into commodities, available for purchase online at the rate of $4 an hour.”

I’m always amazed when I talk to Korean students about their punishing schedules as high school students, often spending 16 hours/day and more on their studies.  One of the reasons is the growth of these private schools (hagwons) where students receive further tutoring in the subjects that you study.  This article offers interesting insights into the Korean school system, marketing by the hagwons, and the growth of education as a valuable commodity in one part of the world.  What do you think? Is it a good or bad thing for so much emphasis to be on education?

The $4 Million Teacher – Yahoo! Finance.

3 comments on “The $4 Million Teacher – Yahoo! Finance

  1. I’d have to agree about the punishing schedules of many Asian students (in Japan, too). And I’m all for “flipping” the classroom. I wonder, though, about focusing so much on the business side of it. Education today is already too much like a business. Most of us are not in it for the money. (What money, right?)

    • Well, the article was in Yahoo Finance, so that was the angle they were looking at. Since I have many students with a business background, that’s an interesting factor of the story, but also the discussion about how to improve the education system. Somewhere in the middle of the current “slacker” mentality in North America and the highly competitive focus in Asia would be a nice balance!

      • Yes, an interesting topic, for sure. He just looks so smug in that photo … Your students have a business background? Interesting. Most of mine are studying either law or language/cultures. Glad to have found your blog 🙂

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