NOTE This is simply a personal reflection to a WSJ article. Not particularly pertinent to the finance world, but an interesting revelation I thought I would share.
Yesterday, while casually glimpsing through the Wall Street Journal, I found an interesting article that captured my attention on the front page: "The $4 Million Teacher." The article, in summary, discusses and reveals the lucrative business of private tutoring offered by elite teachers to students in Korea who dream of entering a top-notch university.
It is without saying that the amount of money these private businesses make is off the charts. In a way, they are compensated for helping students achieve their dreams by assisting them with academic studies. However, is this the path Korea, and Asia in general, should be taking?
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