Lowest-ranked universities to see cut in funding

South Korea’s Ministry of Education has designated 19 universities and colleges in the lowest 15% in terms of their operations, restricting government financial support starting next year, reports Korea JoongAng Daily.

In an assessment of the nation’s 334 universities and colleges, the education authority singled out institutions 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 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 (US$1.1 billion) in making universities more specialised in order to reduce the number of freshmen.
Full report on the Korea JoongAng Daily site