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Nonetheless, the higher educational attainment comes at a substantial monetary cost. Combined public and private expenditure on main by means of upper secondary educational institutions is among the most elevated in the OECD (Figure 1.4, Panel A). National universities are predominantly funded by the government although private universities and colleges are predominantly funded by tuition (Jones, 2013[1]). However, the circumstance has gone out of hand and expenditures on private soon after-school teaching academies (hagwons) and other private tuition now amount to 1.1% of GDP (OECD, 2019[12]).

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Present legislation does not present any entitlement of staff to be represented at the board level. On the other hand, there have been some movement to promote employee representation in board meetings by means of a "labour director". At the moment, this movement has not progressed significantly, and to the extent it has, discussions are limited to public institutions only. In principle, the trade union is composed of workers frequently with a contentious connection with the business, whereas the LMC, composed of both the labour and management, is intended to be a cooperative forum.