The total education funding this year, amounting to 3.185 trillion won (US$2.8 billion), will benefit 4.37 million primary and secondary school students across the nation.
The education funding project of city and provincial offices of education is designed to support high school tuition, after-school classes, IT devices and school meals for students from low income families.
The 67.1 billion won (US$61 million) IT fund will be spent on 240,000 students for PCs, internet, and communication expense.
Fewer students - a drop of 13,000 - will benefit from this IT fund due to the rise in internet fees, according to the ministry, even though the budget increased by 2.4 billion won (US$2.2 million).
The overall education fund has gone up by 504.5 billion won (US$465.6 million), benefiting 397,000 more students compared to last year.
428.4 billion won (US$395.4 million) will be provided to 386,000 students (or 20 per cent of the entire high school students) for high school tuition, which includes admission fees, tuition and school operating expenses.
790,000 students will receive 251.8 billion won (US$232.4 million) for after school classes.
Another 2.4374 trillion won (US$2.2 billion) will be provided for school meals, including free meals, benefiting 4.37 million students, or 67 per cent of students.