It Is widely accepted that education plays a crucial fole for the development of a nation. The development of science and technologh formed through the increased investment in higher eduation is colosely related to the economic development of a country. Korea has relatively affluent human resources, the efficient utiligation of which is important for her development. However, the current status of Korea\'s educational investment is far below its desired level. Since the early 1970s there has been a remarkable expansion in the number of Korea\'s higher education students, but the quality of education hasn\'t improved due to the lack of government investment in higher education. The fimancial status of education rather drifted from bad to worse for the past 20 years. The development of higher education is handicapped by the shortage of professors, research staffs, and other physical facilities caused by the poor financial status. As a result faculty staffs pecuniary compensation has also been low relative to other occupations. The comparison of the pecuniary treatment among faculty staffs of different universities and other sectors are illustrated. considering education\'s influential spillover- effect on the social and economic development, the goverment and private sector should take new measures to mobilige the educational finance to meet the growing needs of educations, srich are illustrated in this paper.