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November 29, 2006

Korea Outspends Japan on English Education

A recent report from The Samsung Economic Research Institute pinpoints Korea's annual expenditures on English education. The report, entitled The Economics of English, estimates Korea's investment in English language lessons during this year 2005 to be 14.3 trillion won (1.8 trillion yen) and their investment in assessment was pegged at 700 billion won (87 billion yen). Japan, with three times the population of Korea, spent just 5 trillion won (625 billion yen), only one-third Korea's total. The difference is staggering, and not just the fact that per capita, Korea spent roughly 9 times as much as their neighbor on English. Korea's total expenditure amounts to nearly 2% of their GDP, and a full 47.5% of their annual education budget. The results however, according to the report, just aren't there, as the Political and Economic Risk Consultancy (PERC), ranked Korea last out of 12 Asian countries in terms of the difficulty of communicating in English there.

Read the article at The Chosun Ilbo
Read the full report at KoreaEconomy.org (free membership required)
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