Struggling private universities face closure under new rules

The government will soon be able to suspend admissions or order the closure of financially distressed private universities struggling with persistent enrollment shortfalls, following the Cabinet’s approval Tuesday of an enforcement decree governing university restructuring. The decree, which takes effect Aug. 15, allows the government to provide consulting support to universities designated as financially distressed and, when recovery is deemed unfeasible, order restructuring measures, including

By The Korea Herald