A report issued by Korea Development Institute (KDI) which said that Korean teachers' salary was the highest(based on purchasing power parity) around the world after analyzing the salary of teachers of each nation(2007 OECD Education Index) converted into the exchange rate of PPP(Purchasing Power Parity), has brought about huge controversy.
The report pointed out that although salary of Korean teachers with over 15years' experience is world's most highest except for Turkey, secondary education in Korea is still incompetent which needs more improvement such as teacher evaluation.
KFTA immediately responded to this report, saying this analysis of the salary had not been fully researched which only reduces teachers' morale. They also mentioned that teachers' salary must be overstated considering Korean market exchange rate is twice as high as PPP rate and differences between social security system had not been taken into consideration. Kim Dong-suk, a spokesperson of KFTA underlined that unlike Korea, other OECD nations only calculate base salary and they are working on revising current calculation system.
In addition, the fact that it takes 37 years to reach the highest salary group in Korea whereas the average of OECD countries is 24 years.
The Ministry of Education also made it clear that Korean teachers' salary remains at the same level as that of the average public-sector workers and 91.8% of private company employees. It may fall into the lowest level once the number of students in one class and the number of working days which are the highest among OECD nations are taken into consideration.
KFTA insisted that KDI should apologize to all 500 thousand teachers for their irresponsible report.