Should fewer students mean less automatic school funding?

South Korea’s education and budget ministries shared contrasting views Wednesday on whether to overhaul a tax-linked grant system that serves as the main source of funding for elementary and secondary education.

The two ministries held a televised public forum at the Government Complex Seoul under the theme “Opening a new path for education finance: Reforming the local education finance grant for future generations.” The grant, which funds elementary, middle and high schools as well as some kind ...