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Student Loans Turning Korean Youth into Credit Delinquents

Student Loans Turning Korean Youth into Credit Delinquents

SEOUL, Jan. 20 (Korea Bizwire) – South Korea boasts among the world’s highest college entrance and completion rates. In 2014, 45 percent of Koreans aged 25 to 64 had completed tertiary education, ranking sixth amongst OECD countries. The college entrance rate is at about 68 percent.  Of course, education doesn’t come cheap. Average annual tuition [...]

Korean Colleges Offer More Benefits to Attract Overseas Students

Korean Colleges Offer More Benefits to Attract Overseas Students

SUWON, Nov. 10 (Korea Bizwire) – Korea’s low birthrate, which began dropping in the 1970s, is gradually leading to a decline in the number of college students. The number of new college admissions declined from 549,000 in 2014 to 529,000 in 2015 and 516,000 in 2016.  As a countermeasure to Korea’s changing demographics, schools are [...]

‘No Graduation’ Generation Caught in a Vicious Cycle

‘No Graduation’ Generation Caught in a Vicious Cycle

SEOUL, Dec.22 (Korea Bizwire) – A new generation called the ‘NG’ generation in growing in prominence. ‘NG’ is short for ‘No Graduation’, and refers to college students who postpone their graduation to prepare for employment. Last year the number of students who postponed their graduation exceeded 20,000. Since it is difficult to get a job [...]