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.