South korea pre primary education

Rising Tuition Fees in Kindergartens to Strengthen South Korea Pre-primary Education and Childcare Market: Ken Research South Korea’s education industry lies amongst the highly developed and most competitive industries in the world. A high academic orientation has henceforth promoted the growth of the pre-primary sector since very long. This is best exemplified by extremely high gross enrollment rates in pre-primary education which was ~% in 2012. The steps taken by the government has played a huge role in spreading the awareness about the importance of early education and care amongst the people. The compulsory preparatory year programme for the five year olds is such an example.

The childcare market of South Korea primarily caters to the children under six and holds a dominant share in the industry. The childcare market is a strongly emerging market in South Korea, instigated by the growing number of women workers. Additionally, the declining birth rates in the country have encouraged greater spending on the single child, ensuing in growing preference towards privately run facilities. The competitive landscape of the childcare market is thus led by private institutions which accounted for a ~% share in the market in 2012. The competition is quite fierce with players adopting for a wide range of services to attract a greater number of enrollments. These include 24-hours care, nighttime care, extended hours service etc. delivered through a variety of settings including home-based, workplace care and others.

The pre-primary market in South Korea has witnessed a slow increase in the number of the institutions and enrollments over the years, affected by the increasing preference towards childcare centers.

However, the revenues of the industry have witnessed an astounding growth in the span of 2006-2012 as a result of the increasing tuition fees charged by the private kindergartens which are although less than public kindergartens in number, account for a far greater number of admissions. The pre-primary education market does not showcase presence of any dominant player, in spite of private organizations accounting for a ~ % share in the market. This opens wide opportunities for the domestic and foreign investors to utilize the potential of a USD ~ million market (2012). The revenues of the pre-primary market are expected to reach to USD ~ million by 2017, growing by a CAGR of 16.5%.

The report “South Korea Pre-primary Education and Childcare Industry Outlook to 2017� provides detailed overview on the pre-primary and childcare industry from various perspectives. The report encloses a comprehensive analysis of the various segments of the market reflecting the present scenario and future growth affected by changing industry dynamics in coming years. Additionally, the report also entails information about the government rules and policies, rational analysis of the macroeconomic factors, along with the trends and developments prevailing in the industry. The report will help industry consultants, companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

For more information on the industry research report please refer to the below mentioned link: http://www.kenresearch.com/education/pre-school-education/south-korea-pre-primary-educationmarket-research-report/399-99.html