More and more governments use educational reforms as a tool to raise the competitiveness of their societies, and one shared feature of some of these reforms is privatization of public education. Countries in the Eastern and Western Europe alike, for instance, have implemented various educational reforms that allowed for, or promoted, privatization of education (Ball & Youdell, 2008; Patrinos, Barrera-Osorio, & Guàqueta, 2009). While privatization of education has received much academic attention, the new education privatization, in which the government financially supports the private sector’s participation in public education, has remained unexplored in many contexts (Burch, 2009), in particular in the East Asian context including South Korea and Hong Kong. Governments of South Korea and Hong Kong have circulated policy discourses which reconceptualise the private sector as a partner in public education for more than a decade. However, there has been little documentation of the actual practice of outsourcing of education delivery. This paper, drawing on three consecutive research projects funded by a tertiary institute in Hong Kong, aims to contribute to understanding this largely “hidden” phenomenon of educational privatization (Ball, Thrupp, & Forsey, 2010) focusing on government-funded outsourcing of core curriculum delivery. Understanding the focal phenomenon is necessary considering the public accountability in using public fund. It may concern, however, far more important issues of quality and equity of public education. Previous research on the quality of outsourced education is controversial (Green, 2005); some programmes have found to reproduce or even aggravate the gap between the haves and the have-nots in terms of access to quality education (Burch, 2009). By mapping out the policy and practice at the government and school levels in South Korea and Hong Kong, this paper aims to explore the degree to which privatization of education is happening in the