Time was put on hold in South Koreaon Thursday as financial markets and public offices opened late to ensure calm when more than 650,000 students sat the annual university entrance exam. Success in the test is critical to millions of young students’ career and marriage prospects.
Trading at the Korea Stock Exchange and the country’s foreign exchange market began at 10am, an hour later than usual, to keep roads clear while aircraft will be grounded in the afternoon during the English listening test. About 65 commercial flights have been rescheduled to avoid take-off or landing for 30 minutes from 1.05pm.
Classes at primary and secondary schools started an hour later than usual while civil servants and most employees in the private sector were also asked to go to work an hour later than usual to ease traffic congestion to ensure that students arrive at their exam sites on time.
The university entrance exam is one of the most critical annual events for young people in the country – where seven out of every 10 high school students go on to higher education – as a diploma from top schools is widely regarded as a ticket to success in Asia’s fourth-largest economy. An almost cult-like devotion to learning has been among the driving forces behind the country’s rapid economic development over the past half century, creating one of the world’s most highly educated workforces.