KOREA: 'Global campus' planned near Seoul

South Korea will support foreign higher education institutions to move into the country by building a global campus within the Incheon Free Economic Zone, some 40 kilometres west of Seoul, reports the Korea Herald. Government will spend 40 billion won (US$28.8 million) this year to help foreign universities and research institutes take part in the planned global campus scheduled to open in 2010, according to officials at the Ministry of Knowledge Economy.

The campus will be composed of four to 10 local and foreign universities that plan to educate students and to expand their research projects in Korea, the ministry said.

"The global campus will initiate industry-university research cooperation in the free economic zone planned to develop cutting-edge technologies related to information technology, biological technology, energy and environment," said an official. The campus would attract both local and foreign students as well as luring foreign direct investments to the free economic zone. Several US universities are already involved.
Full report on the Korea Herald site