Tuesday, September 14, 2010

There's lots of money to be made in tutoring...

From the Korea Times:

"A Korean private tutor was caught earning more than 150 million won ($130,000) a month, without paying tax, from illegally teaching students in an apartment in the affluent southern Seoul.

Under the law, adults who are engaged in private tutoring are obliged to report their monthly income to the education authorities, a measure to prevent tax evasion. But many tutors ignore the rule.

He allegedly taught a group of students in a 337 square-meter (102 pyeong) apartment, charging about 10 million won per student per year. This is the first time that a tutor who has taken such a large amount of tutoring fees has been caught."

It doesn't say what he taught, or for how long. I can't imagine how long he'd been doing that! $130,000 a month!! Parents here really will pay a lot for their children to have a good education... I wonder how much his penalty will be!

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