Procured 7.1 billion won in national funding. Selected 4 years in a row
[May 11, 2011]
Yeungnam University (president Lee, Hyo-soo) was selected for the '2011 Education Capacity Improvement Support Program' and will be receiving 7.1 billion won in national funding, which is the highest amount among national private universities. Since the first education capacity improvement program in 2008, it has been selected for all four years.
Recently, the Ministry of Science, Education and Technology (MEST; minister Lee, Ju-ho) and the National Research Foundation of Korea (president Oh, Se-jeong) announced the results of the selections for the 2011 'Education Capacity Improvement Support Program'.
The 'Education Capacity Improvement Support Program' for improvement of the quality and competitiveness of university education selects schools depending on the educational conditions and performance. For the first time this year, pre-examination procedures on the formula index was implemented to enhance the reliability and feasibility of this program, and for the final selection, the indexes of the 17 pre-selected universities were pre-examined and reflected in the final results.
In result, a total of 80 schools including Yeungnam University were selected. This represents that 18 of the 88 universities (20.5%) supported in 2010 were disqualified, with 10 new schools receiving the funding. MEST stated, "This shows how much effort is made by universities for educational achievements and improvement of conditions, and we expect that through the process of being qualified and disqualified, improvement of educational capacities will be promoted."
The total national funding of the education capacity improvement support program is 241.96 billion won. Yeungnam University received the most among private schools in the nation with 7.1 billion won. When including national, public and private schools, it has placed second (Kyungpook National University - 7.2 billion won). The funds can be invested as desired to improve the educational capacities of each university according to their own development strategy. Yeungnam University is planning to used the funding for strengthening research abilities and innovating education to foster 'Y-type Human Resources', increasing scholarships, improving environments of education and research, developing various employment programs, and providing support for employment.
Students participating in the 'overseas company expedition' as part of the education capacity improvement program pose for a photo
