Universities Brace for Dwindling Student Numbers

Private universities in Korea are preparing for declining revenues due to a persistently low birthrate, mirroring the situation in Japan, which has seen a string of bankruptcies among private colleges due to the same problem.

According to Statistics Korea on Sunday, the number of 18-year-olds in Korea inched up from 624,000 in 2005 to 701,400 in 2010 but will start dropping this year.

Sources: “Universities Brace for Dwindling Student Numbers” The Chosun Ibo, July 11, 2011. http://english.chosun.com/site/data/html_dir/2011/07/11/2011071101097.html

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