Private Education
South Korean families' spending on private education for their children has surged by more than 60% over the past decade, according to government data. Households spent nearly 29.2 trillion won ($20.2 billion) in 2024, a 60.1% increase from 2014. Rising dual-income households and uncertainty in college admissions are key drivers.
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Madrid's Assembly has approved elevating the IE center to a full university, making it the region's 14th private institution. This step expands IE's academic offerings, which previously operated as an affiliated center. Spain now has 48 private universities compared to 50 public ones.