May 08, 2009 08:59
The Ministry of Education, Science and Technology on Thursday said it will complete by November a list of inadequate or insolvent private universities that will be merged or closed down for failing to meet their admissions quotas as Korea's young population dwindles.
Education Minister Ahn Byong-man in a meeting said many universities will face difficulties within three to four years due to smaller numbers of students. "We're afraid that students' right to study could be infringed as a result," he said, and pledged to compel universities considered capable of surviving on their own to improve their management and merge or close down insolvent schools.
A committee will study criteria for the review by early June, survey their conditions afterwards and finalize a list of insolvent schools in November. Criteria will include student recruitment rate, educational environment and financial status.
There are some 400 universities and colleges, 90 percent of them private. According to the ministry, the university admissions quotas already exceeded the number of high school graduates in 2003, and universities' student recruitment rate is falling continuously.
During admissions for academic year 2008, 27 private universities or colleges failed to fill 70 percent of their admissions quotas and five private schools failed to fill even half of their quotas.
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