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The economic benefits of opening the educational service market

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Frame of Image y opened. For
example, in the case of 'consumption abroad(Mode II)', which is the traditional form of trade in educational services, overseas studies among students below high school level is in principle restricted. This, however, does little to stop a large number of junior high and younger students from travelling overseas to study. In addition, 'cross-border supply of educational services(Mode I)', which is expected to take over a large proportion of trade in future educational services, lacks proper regulation. As a result, Korean universities are already establishing and operating joint diploma programs with universities in other countries. Thus, it is not difficult to see that Korea's educational service market has already been significantly opened according to domestic needs, irrespective of demands by trading countries. The most important issue regarding the liberalization of educational services is whether foreign profit-seeking educational institutes will be allowed to operate in Korea. If foreign profit-seeking educational institutes are not permitted, or remittance of overseas investment returns is not guaranteed, foreign universities will have no incentive to enter Korea. Recently, more profitable programs such as MBAs and LLMs from the US are making their
way into the Korean market through discreet methods such as establishing branch campuses, exempting them from becoming subject to Korean government authorization. In addition, private schools are classified as


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Title The economic benefits of opening the educational service market
Similar Titles
Material Type Reports
Author(English)

Oh, Jeungil

Publisher

[Seoul]:Korea Institute for Industrial Economics & Trade

Date 2006
Journal Title; Vol./Issue KIET Industrial Economic Review:vol. 11(no. 1)
Pages 14
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Economy < General
Social Development < Education
Holding KIET; KDI School

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