Abstract
The purpose of this paper is to look at the tension between public good and private commodity, if any, in Korean higher education. Since the Second World War, the modern higher education system has started to serve Korean society and its people. It keeps commonness with as well as differences from other systems. Some distinctive characteristics of Korean higher education will be addressed in terms of provision, finance, and governance in order for the audience of this paper to keep some comparability with the situation of other systems of higher education. An additional focus will be on ‘education fever’ and ‘job exam fever’, issues that cannot be omitted when we discuss the tension of public good and private commodity of higher education in Korea and that are unique to the Korean context of higher education.
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