{"id":15952,"date":"2013-08-10T21:08:04","date_gmt":"2013-08-10T21:08:04","guid":{"rendered":""},"modified":"2013-08-10T21:08:04","modified_gmt":"2013-08-10T21:08:04","slug":"South-Korean-tutor-earns-4million-a-year-","status":"publish","type":"post","link":"https:\/\/asiancemagazine.com\/?p=15952","title":{"rendered":"South Korean tutor earns $4million a year!"},"content":{"rendered":"

South Korean tutor Kim Ki-Hoon earns $4 million a year, according to Amanda Ripley, writing in the Wall Street Journal.<\/strong> He earns the near equivalent of an average NBA player\u2019s salary by teaching English \u2013 primarily via paid Internet video \u2013 in the nation\u2019s omnipresent hagwons, or private, after-school tutoring academies.<\/p>\n

This $17 billion after-school learning market has helped turn South Korea \u2014 a majority of whose citizens were illiterate sixty years ago \u2014 into the second top-performing country<\/strong> in the PISA global test of academic excellence (far outstripping the U.S.). Moreover, notes Ripley, South Korea\u2019s 93% high-school graduation rate dramatically outpaces that of the U.S. (a lowly 77%).<\/p>\n

Kim Ki-Hoon is a contributor to, and beneficiary of, South Korea\u2019s high-tech, free-market approach to education.<\/p>\n

Are gone the days of low-salary, non-tenured teachers? The internet seems to be changing all that!!<\/strong><\/p>\n

The first U.S.-based tutoring rock star was Salman Khan of the Khan Academy. However, Khan Academy operates as a non-profit. And there is no equivalent American tutoring peer with Khan\u2019s reach and status.<\/p>\n

However, what Mr. Kim uniquely provides \u2013 and is the key to his 30-person-strong publishing, tutoring, and lecturing empire \u2013 is a direct relationship to individual students.<\/p>\n

All that is needed in the U.S. is a genuine free marketplace where such tutoring superstars can flourish.<\/strong> Mr. Kim, for instance, works for a publicly traded online hagwon called Megastudy . Hagwons, in this sense, are like professional sports teams, constantly on the prowl for top tutoring talent. The more highly-regarded the tutor \u2013 whose reputation is linked to how his or her students perform on standardized tests and whether they are accepted into top colleges \u2014 the more the hagwon can charge. Moreover, since students sign up for specific tutors, the better a tutor\u2019s reputation, the more money that tutor makes.<\/p>\n

Even American schools are not above the free market system and the power of the internet!<\/strong><\/p>\n

Continue reading at www.forbes.com<\/a>.<\/em>
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South Korean tutor Kim Ki-Hoon earns $4 million a year, according to Amanda Ripley, writing in the Wall Street Journal.<\/p>\n","protected":false},"author":1,"featured_media":72448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[1],"tags":[],"class_list":["post-15952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","medium_large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","1536x1536":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","2048x2048":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-highlighted-post":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-medium":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-featured-post-small":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x90.jpg","colormag-featured-image":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-default-news":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg","colormag-featured-image-large":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-block-extra-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-small-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg","colormag-elementor-grid-medium-large-thumbnail":"https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg"},"magazineBlocksPostAuthor":{"name":"Admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"South Korean tutor Kim Ki-Hoon earns $4 million a year, according to Amanda Ripley, writing in the Wall Street Journal.","magazineBlocksPostCategories":["News"],"magazineBlocksPostViewCount":134,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"medium":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u.jpg",113,170,false],"thumbnail":["https:\/\/asiancemagazine.com\/wp-content\/uploads\/u-113x150.jpg",113,150,true]},"magazine_blocks_author":{"display_name":"Admin","author_link":"https:\/\/asiancemagazine.com\/?author=1"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/53e6cdc30765aade0129f85e5aeb50124b1d3f5bb9a70373be31e4eb328371e0?s=96&d=mm&r=g","magazine_blocks_category":"News<\/a>","_links":{"self":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/15952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15952"}],"version-history":[{"count":0,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/posts\/15952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=\/wp\/v2\/media\/72448"}],"wp:attachment":[{"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/asiancemagazine.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}