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Korea opens up to foreign providers

Korea opens up to foreign providers

With a US$4bn deficit caused by the high proportion of university students opting to pursue studies abroad, South Korea’s Ministry of Education, Science and Technology has announced plans to open up the market further to international providers by easing restrictions on foreign investors and creating an international education hub in Songdo, Incheon.

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ASEAN joins Australia’s New Colombo Plan

ASEAN joins Australia's New Colombo Plan

All 10 member states of the Association of Southeast Asian Nations will join Australia’s New Colombo Plan, which funds undergraduates to study and do internships in the region, from 2015. The Australian government has committed AUS$100m to fund the project over the next five years, which Foreign Minister Julie Bishop says will build friendship and understanding “for generations to come”.

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