After Decades of Expansion, South Korea Has More Colleges Than It Needs

With a demographic crisis looming, the government now admits that the expansion has gone too far. "We allowed too many universities to open," says Sung Geun Bae, director general of South Korea's education ministry. Mr. Sung points out that his country simultaneously has one of the world's highest university enrollment rates—and one of the world's lowest birthrates. "Fifteen years ago we needed all those universities, but times have changed." After Decades of Expansion, South Korea Has More Colleges Than It Needs