In Korea, SKY is an acronym to identify the top three Korean universities. S stands for Seoul National University (SNU). K stands for Korea University. Y stands for Yonsei University. Compared to America's HYP (Harvard, Yale, Princeton) trinity, SNU is considered Korea's Harvard. Korea University and Yonsei take up the Yale/Princeton roles.

Much like Japan, entry into these top flight universities guarantees easy access to government (SNU primarily), the executive track in Korea's major chaebols, and the foreign service.

It's not all pie in the SKY these days.

The public school system is viewed as incompetent and ill prepared to ready kids to pass SKY's rigorous entrance exams. And much like Japan, cram schools abound to prep kids for these exams. Education costs have been going up but Koreans have not been enjoying the seemingly "sky is the limit" growth in wages since the Asian financial crisis of 1997. The Korean middle and upper middle classes have been chomping at the bit as of late over these private education costs. This is translating into some sectors questioning whether this elite SKY triumvirate, with its privileged access to cushy government jobs, should continue. Unlike Harvard et al, these top flight and elitist universities receive the majority of their funding from the government. This begs the question should people enjoy privileged access on a publicly funded degree?