Ministry to reduce funding for 66 colleges

The Education Ministry will cut its financial subsidies for 66 colleges and universities that scored poorly in its evaluation on their reform efforts, writes Yoon Min-sik for The Korea Herald.

The college evaluation, initiated by the ministry in April 2014, aims to reduce the number of student openings at higher education institutes across the country, which is forecast to exceed the number of high school graduates by 160,000 by 2023.

“Korea has already entered a phase of rapid decline in students, with the number of students decreasing by at least 10,000 each year. Overlooking this problem is no longer an option,” said Vice Education Minister Kim Jae-choon.
Full report on The Korea Herald site