This study examines the current educational issues in Korea from the perspective of educational finance and proposes reform directions as part of a wider educational reform, so as to contribute to further advancement of Korean education.
There are a number of issues in Korean education concerning the physical school environment, teachers’ morale, content and quality of curriculum, and educational system and administration. Often, education facilities fail to be furnished with basic equipment. Public education, due to rigidity and uniformity, is not responding to changing demands brought by economic development and social transformation. Quality of education is also low and the content and level of education does not consider individual students’ aptitudes and abilities, rendering human and physical resources less effective. In addition, while an enormous private education market has been created, public education receives little financial investment compared to the national income level, and most of the money spent on private education is invested in a socially ineffective competition for college entrance. As a consequence, even though tremendous resources are invested in education, quality and diversity in education is still not sufficient and key advantages of public education including public education, economies of scale and economies of scope have not materialized. Furthermore, educational opportunities tend to be distributed unfairly depending on family income.
In order to solve these issues, quality and diversity of public education should be improved so that the roles and responsibilities of public and private education should be clearly defined, so as to increase the efficiency of educational investments. When improvement result in the increased competitiveness of public education, it will lead to a normalized division of labor between the public and the private sector. A system should be devised so that resources held by the central and local governments, as well as the private sector, can be mobilized and utilized efficiently. However, the task does not stop at securing more resources. Educational finance should be operated democratically, with an aim to promote equitable distribution of education opportunities and to maximize the efficiency of educational investment. In addition to enhancing public education, reducing private education demands and improving the college entrance system, institutions and practices should be changed concerning mobilization and distribution of resources so as to enhance equitability, efficiency and democracy in educational finance.
한국교육재정의 현황과 개혁방향(Status and reform directions of Korea’s educational finance)
|Series Title; No||연구보고서 / 95-08|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Social Development < Education|
|Holding||KDI; KDI School|