SOUTH KOREA: Lowest-ranked universities to see cut in funding
Korea Joong Ang Daily 05 September 2014 Issue No:333 The Ministry of Education yesterday designated 19 universities and colleges in the lowest 15 percent in terms of their operations, restricting government financial support starting next year. In an assessment of the nation’s 334 universities and colleges, the education authority singled out the schools in the poorest condition and suggested a restructuring via a reduction in their admissions quotas. The ministry has sought to reduce university entrance quotas after it was discovered that XXX that there were too many universities in Korea based on the country’s number of college students and that many of them were operated irresponsibly. Earlier this year, the government also began to invest 1.2 trillion won ($1.1 billion) in making universities more specialized in order to reduce the number of freshmen. The assessment, which looks at nine criteria, including alumni employment rates and the number of students