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[Graphic News] Overseas tuition fees fall 6% in 2016

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Published : 2017-03-19 18:30
Updated : 2017-03-19 18:30

Overseas tuition fees spent by South Koreans fell 6 percent last year from a year earlier, due to the won‘s weakness and the slowing economy, the central bank said Friday.

In 2016, tuition fees for South Koreans studying overseas declined to $3.52 billion from $3.74 billion a year earlier, according to data compiled by the Bank of Korea.

The US dollar rose to an average of 1,160.5 won in 2016 from 1,131.49 won a year earlier, according to BOK data.