The system has also been criticized for producing an excess supply of university graduates creating an overeducated and underemployed labor force; in the first quarter of 2013 alone, nearly 3.3 million South Korean university graduates were jobless, leading many graduates overqualified for jobs requiring less education.
Further criticism has been stemmed for causing labor shortages in various skilled blue collar labor and vocational occupations, where many go unfilled as the negative social stigma associated with vocational careers and not having a university degree continues to remain deep-rooted in South Korean society.
The system is often blamed for the high suicide rate in South Korea, particularly the growing rates among those aged 10–19.
Various media outlets attribute the nations high suicide rate on the nationwide anxiety around the country's college entrance exams, which determine the trajectory of students entire lives and careers.
The new educational philosophy was created under the United States Army Military Government in Korea(USAMGIK) with a focus on democratic education.
The new system attempted to make education available to all students equally and promote the educational administration to be more self-governing.
Both types of schools receive funding from the government, although the amount that the private schools receive is less than the amount of the state schools.
South Korea is one of the top-performing OECD countries in reading literacy, mathematics and sciences with the average student scoring 542.
Modern reforms to education began in the late 19th century.
After Gwangbokjeol and the liberation from Japan, the Korean government began to study and discuss for a new philosophy of education.
Education is regarded with a high priority for South Korean families as success in education is necessary for improving one's socioeconomic position in South Korean society.
Academic success is often a source of pride for families and within South Korean society at large.
With incredible pressure on high school students to secure places at the nation’s best universities, its institutional reputation and alumni networks are strong predictors of future career prospects.