Education Market Update

South Korea

Olivia Jeong Trade & Investment Queensland Korea

5 May 2015

Korea Overview

1. Population : 51.2 million

2. Land : 1/17 of Queensland in size

3. GDP : • USD 1.4 tril/ 13th in the world (IMF, 2014)

• Per Capita USD 28,100/ 29th in the world (IMF, 2014)

• Grew 480 times in GDP per capita in the last 5 decades (USD 60 in 1960)

4. Currency : Korean won (₩)

5.Use unique Korean-invented alphabet “Hangeul”

Korea Overview – Economy in global competition

1. The world’s 7th largest Export

2. The world’s 8th largest trade ( a member of Trillion club, 20-50 club)

3. Australia’s 3rd largest Export market

4. Queensland’s 3rd largest Export market

5. Queensland’s 3rd largest education market

6. Queensland’s 2nd largest coal market

7. Queensland’s 3rd largest food & agriculture market

Korea Education System Vital Stats

1. Compulsory education : Primary & Middle school (Grades 1-9)

2. Academic year : March – February with two semesters

• Spring Semester: March – early July

• Fall Semester : end of August – end of December

3. System : 6-3-3-6 basis

• Primary – middle school (junior high) – high school (senior high) – undergraduate

• The progression rate from MS to HS has been above 99 % since the mid 1980s

• The majority of students attend general/academic schools, about 30% attend vocational

schools

4. Adult literacy rate (15 and older) : 97.3% (World Bank, 2002)

Korea Education System Vital Stats – Cont’d

Number of Schools Number of Students

Kindergarten 8,826 652,546

Primary 5,934 2,728,509

Junior High 3,186 1,717,911

Senior High 2,326 1,839,372

Junior College 139 740,801

University 201 2,206,694

Graduate 1,209 330,872

Total 21,821 10,216,705

(Ministry of Education, 2014)

5. Number of Schools, Number of Students

Korea Government in Education

1. Park Geun Hye’s administration has shown strong intention to support many education policies and school systems. • Test free semester in middle school in 2014 • Free after-school children's program in elementary school in 2014 • No tuition in high school in 2017

2. Expand governmental support for the Meister and vocational high schools.

3. Ministry of Education supervises 16 regional administration bureaus of education to manage school operations and teachers overseas training project of the regions. • With TIQ Korea’s support, QLD education providers have provided programs to the

education offices of Seoul, Daejeon, Gyeonggi, Jeonbuk, Gyeongnam...out of 16 offices.

4. Global Internship Program

5. Total spending on education of government expenditure 2015 : 14.1% (www.budget.go.kr)

Queensland

Education and Tourism

Natural Resources

Food and Agribusiness

High demand for manufacture, labour, FDI

Opportunities as trade partners

Korea

• High education value society • Strong English demand • Increasing purchasing power

and demand for leisure

• 97% of its energy demand dependent on imports

• 70% of its food and agricultural demand dependent on imports

• Refined oil, automobiles, home electric appliance, IT mobiles, trained labours and investment

Queensland – Korea Partnership

Year

Type Description Status Korea QLD

1997 Gyeonggi-do QLD State Sister State On-going: action plan

1997 Suwon City Townsville Sister City On-going

2002 Paju City Toowoomba Sister City On-going

2002 Daejon Metropolitan City Brisbane City Sister City On-going: first action plan

later this year

2007 KAIST UQ MOU Bio-product R&D On-going

2007 Gyeonggi Institute of Health &

Environment UQ MOU

Joint research on Health and environment area

On-going: joint seminar at UQ in Oct 09

2007 Daejon Metropolitan Office of

Education Dep. of Education, Training

and the Arts MOU

Study and training program

On-going: sent teachers to UQ TESOL in 08-09

2008 Gyeongnam Province QLD State MOU collaborate in the marine industry

On-going

2008 Geochang College Gold Coast Institute of TAFE MOU Student/Staff Exchange,

Curriculum sharing On-going

2011 Jeonnam Province QLD State MOU Marin and Tourism

industries On-going

2012 KIGAM GSQ MOU Natural Resources On-going

2013 Gyeongnam Office of Education QLD State MOU Education On-going

2013 Export-Import Bank of Korea

(KEXIM) QLD State MOU General On-going

Top study destinations for Korean students - Schools

USA Philippines Canada Chine New Zealand Australia Malaysia Japan UK SE Asia

(Korea Educational Statistics Service, 2013)

• Australia ranked 6th followed by USA, Philippines, Canada, China, and New Zealand.

Rank Country Number of students

%

1 USA 3943 38.04

2 Philippines 1903 18.36

3 Canada 1769 17.07

4 China 1090 10.52

5 New Zealand 500 4.82

6 Australia 449 4.33

7 Malaysia 249 2.40

8 Japan 161 1.55

9 UK 153 1.48

10 SE Asia 149 1.44

Top study destinations for Korean students – Higher Edu

(Ministry of Education, 2014)

• Australia ranked 4th followed by USA, China and Japan.

Rank Country Number of Students

%

1 USA 70,627 36.59

2 China 63,465 32.88

3 Japan 17,283 8.95

4 Australia 14,139 7.32

5 Canada 9,828 5.09

6 Philippines 7,073 3.66

7 UK 7,062 3.66

8 New Zealand 3,556 1.84

USA China Japan Australia Canada Philippines UK New Zealand

Top Ten Source Country/Region of International Student Enrolments in Queensland Calendar Year 2014

0

5,000

10,000

15,000

20,000

25,000

2011

2012

2013

2014

Korea ranks 3rd

AEI/Austrade Pivot Tables calendar year 2014

Korean Student Enrolments in Queensland YTD Dec 2014

(Austrade Pivot Tables calendar year 2014)

• VET (37%) > ELICOS (33%) > Higher Education (23%) > Schools (7%)

0

500

1000

1500

2000

2500

3000

ELICOS Higher Education Schools VET

Sum of 2011

Sum of 2012

Sum of 2013

Sum of 2014

Top ten international student enrolments in Queensland Higher Education sector by Country YTD Dec 2014

Korea ranks 4th in 2014

0

20000

40000

60000

80000

100000

120000

140000

Sum of 2011

Sum of 2012

Sum of 2013

Sum of 2014

(Austrade Pivot Tables calendar year 2014)

Top ten international student enrolments in Queensland VET sector by Country YTD Dec 2014

Korea ranks 2nd in 2014

0

20000

40000

60000

80000

100000

120000

Sum of 2011

Sum of 2012

Sum of 2013

Sum of 2014

(Austrade Pivot Tables calendar year 2014)

Top ten international student enrolments in Queensland ELICOS sector by Country YTD Dec 2014

Korea ranks 4th in 2014

0

5000

10000

15000

20000

25000

30000

35000

Sum of 2011

Sum of 2012

Sum of 2013

Sum of 2014

(Austrade Pivot Tables calendar year 2014)

Top ten international student enrolments in Queensland School sector by Country YTD Dec 2014

Korea ranks 4th in 2014

0

2000

4000

6000

8000

10000

12000

Sum of 2011

Sum of 2012

Sum of 2013

Sum of 2014

(Austrade Pivot Tables calendar year 2014)

Working Holiday Visa

Working Holiday visa (subclass 417) holders in Australia as at 31 December 2014 by citizenship country – comparison with the same date in the previous year

(Department of Immigration and Border Protection, 2014)

14,907 12,160

Opportunities

1. KAFTA entering into force (12 Dec 2014) and diversify opportunities

2. TIQ Korea’s activities in market

3. Australian currency getting weaker

4. Global Internship Program: overseas vocational education and training

program for Meister and vocational school students funded by the Ministry

of Education

5. English competency + skill is a key for job seekers

6. The Special Act on the Establishment and Operation of Foreign Educational

Institutions in the Free Economic Zones

Opportunities - KAFTA

Korea-Australia Free Trade Agreement (KAFTA)

1. Guarantees access in a wide range of other sectors including education and financial services

2. Opens new markets in Korea for Australian law firms, accountants and telecommunications providers

3. Education + tourism services (used to be AUD 754,000,000 value market)

4. Collaborate in the fields of Vocational Education and Training

5. Explore joint operation of education curriculum and dual degree acquisition from Korea’s Meister and Australia’s TAFE.

6. Agreed to establish a consortium of higher educational institution in two countries respectively.

7. Research project to build legal and institutional foundation for higher education

8. Support universities’ program to increase student number for joint research and exchange program

Challenges

1. International Schools in Korea

2. Internationalisation efforts among top-tier universities : established all-English four-year liberal arts colleges to attract both Korean and international students.

3. Imbalance between Korean students studying overseas and international students studying in Korea

4. Perception about Australia after shameful accidents

Events in Calendar Year 2015

ISQ Mission (February 2015) • Two session seminar was held targeting education agencies and parents respectively

The 40th Korea Study Aboard & Language Fair (March 2015) • TIQ Korea hold two seminars at the fair

Korea Agent Workshop 2015 • 4 June 2015

• Seoul, Korea

AFUEE (Australia Future Unlimited Education Exhibition Korea 2015) • 30 Oct 2015 ~ 1 Nov 2015

• Seoul and Busan, Korea

Thank you!

Olivia Jeong

Trade & Investment Queensland Korea

olivia.Jeong@tiq.qld.gov.au

+82 2 2112 2393