rivate schools receive a small amount of government funding and subsidies, but are primarily financed through tuition fees and support from private donors and organizations. South Korea spends $7,652 per student, as compared to the OECD average of $8,868. However, this represents 7.6% of South Korea’s GDP spent on education, as compared to the OECD average of 6.1%. This is the third-highest percent of GDP spent on education among OECD countries, after Iceland and Denmark.