Human capital theory(Becker, 1993) which assumes the positive relationship
between education and training, and workers’ productivity and lifetime income has been
considered one of the main theories that support education’s economic thought.
Especially human capital theory has been proved its impact on education and return of
investment in under-developing countries and East-Asian countries that experienced
rapid economic growth. Following previous theorists in Human capital theory, Korean
government has been invested huge budget in education and expanded every citizen’s
educational opportunity for industrial development and economic growth.