The South Korean educational system, reputedly one of the world's most successful, is suffering from an unprecedented overeducation crisis. This book casts light on the dark side of Korea's educational expansion – namely its increased unemployment or underemployment among college graduates; offers the Korean case as a cautionary tale to other countries uncritically engaged in populist educational expansion; and calls into question the rhetoric of the education industry that more schooling will pay off. Critical in perspective, but constructive in orientation, this book aims to have its readers think positively and differently about education even if it is not everything it promises to be.