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Edition 570, 8 September 2014

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Korea opens up to foreign providers

Monday, September 8 2014

Incentives to study

South Korea’s Ministry of Education, Science and Technology has announced plans to open up the market further to international providers by easing restrictions on foreign investors and creating an international education hub in Songdo International Business District just outside Seoul in Incheon.

“Negotiations to host three prestigious colleges [in Songdo] are underway,” an Education Ministry official said. “The government also plans to increase the subsidy for education institutes with excellent performance, providing incentives for the schools to invest in Korea.”

Institutions undergoing negotiations include the Fashion Institute of Technology at the State University of New York and a number of specialised colleges are interested in expanding to Korea, according to the Ministry.

Cooperation between universities at Songdo will be encouraged through a credit transfer system allowing students to take classes at institutions other than their own.

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