The Bank of Korea (BOK) proposed on Tuesday that top universities, such as Seoul National University (SNU), should voluntarily allocate admissions quotas based on regional school-age population ratios.
The central bank said this measure can be a solution to address issues such as population concentration in the Seoul metropolitan area and rising housing prices in the capital.
The bank made the suggestion in the report, which contains the analysis of new students of the top eight universities, including SNU, Yonsei University and Korea University, in 2011 as well as new students of SNU in 2019.
Among the various issues, the BOK particularly highlighted the inheritance of socioeconomic status. As private education costs have grown and institutions offering such education have been concentrated in certain areas, the amount and 카지노 quality of education students can receive now depends heavily on their parents’ income level and where they live.
Last year, high-income parents, earning over 8 million won ($6,000) per month, spent an average of 970,000 won per month on private education for a single high school student. In contrast, families with monthly income of less than 2 million won spent 380,000 won per month, a difference of 2.6 times.
There were also significant regional disparities. Last year, the average monthly private education expenditure per high school student in Seoul was 1.8 times higher than that in rural areas.