6. Economic development Type 1970 1980 1990 2000 2009 Population (Millions) 32 38 43 47 48 GNI per capita (USD) 650 2,324 7,751 9,675 19,830 Unemployment rate(%) 4.4 5.2 2.4 4.1 2.7 Labor force (Millions) 10 14 19 22 24.4 (2008) Labor force Participation rate(%) 47.6 59.0 60.0 60.7 60.8 (2008)

8. Formal education system Graduate school College/University Junior College 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 General high school Vocational high school Middle school Elementary school Kindergarten Age

11. Qualification framework HE Type Academic Qualifications Vocational Qualifications Junior college Associate Degree Industrial Engineer University Bachelor’s Degree Engineer Master Craftsman Graduate school Master’s Degree Doctoral Degree Professional Engineer

12. Financial invested in HE Type A : University, Graduate school Type B : Junior college, Technical college Korea OECD GDP per Capita(’04) USD15,916 USD26,685 Expenditure per student(’04) USD6,618 USD12,319 Public expenditure on HE as a percentage of GDP 0.5 1.3 Ratio of students to teaching staff - 15.4 Survival rates in tertiary education Type A 79 70 Type B 74 73

15. Components

17. Propulsion system Ministry of Education, Science and Technology Basic Planning National Research Foundation Evaluation WCU admission committee Budget control Head of WCU admission Planning & Management Team Performance Management Team Dept. of WCU Assessment Depute a execution Contingency agenda Deliberation & Decision

20. Actual outputs Research expense (USD, million) Research project Research expense Research project University research projects and expense-scale trend 2,375 2,512 3,285 3,534 4,117 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500

21. Actual outputs Research expense The scale of research projects and expense by discipline(2009) Humanities Social Science Natural Science Engineering Medical Science Agriculture Fisheries Oceanography Art, Physical Multi Science Research project Research project 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 Research expense (USD, million) 143 304 792 1,895 660 214 73 32

28. Strengthening Educational Competencies for Undergraduate Plan for 2011 Strengthening undergraduate educational competencies Supporting leading universities for advancing undergraduate education subject Korean regular 4-year Universities (National, Public, and Private) except for distance universities, and postgraduate universities) ±80 Universities ±9 Universities budget $ 230 million per 1 year (capital $ 65 million, provincial $ 165 million $ 50 million per 1 year (capital $ 15 million, provincial $ 35 million) duration multiyear, if qualified 2011~2015 (2year + 2year, if qualified)

31. Brief history 2008 Feb May Dec The customized national scholarship system was selected as administrative Strategy The Basic Principles of the Customized national scholarship system were established The Korea student Aid Foundation Establishment Act draft was finalized. 2009 Jan Feb Jun Jul Nov The Korea Student Aid Foundation Establishment Act was passed by the National Assembly. The Act was enacted, and the KOSAF Preparations Committee was organized. Korea Student Aid Foundation’bond received the credit rating of AAA(Korea ratings) Direct loan plan for student loans Announced the implementation of the Income Contingent Loan Scheme 2010 Jan Feb Designated as the semi-government institute for consignment execution. Began executing the Income Contingent Loan Scheme The National Assembly passed the Income Contingent Loan Scheme Special Act and the amendments on the Korea Student Aid Foundation Act. President Lee Myung-Bak paid a visit to KOSAF to offer encouragement.

32. Vision & Mission

34. Thank You !