Universal Journal of Educational Research Vol. 7(5A), pp. 54 - 67
DOI: 10.13189/ujer.2019.071508
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Development Strategies of Fiscal Programs for Universities in Korea - With Focused on Estimation of Effect of Restructuring of University Financial Support Project on University Competitiveness


Sang-Yup Lee *
Konkuk University, Korea

ABSTRACT

Objectives: In Korea, as various university financial support projects such as CK, PRIME, ACE, WE-UP project will be completed in 2018. A reorganization plan should be prepared for the direction and support method of the university financial support project. Statistical analysis: In this paper, I examined the basic direction and performance of university financial support project, and estimated the effect of integration of university financial support project. The main method of analysis is system dynamics. The simulation model is composed of variables affecting university finance such as university education competitiveness, entrepreneurial ecosystem construction, and job creation scale, and the effect of university innovation support project on the competitiveness of university education is estimated and analyzed. Findings: The simulation results and the sensitivity analysis results of the individual important variables are estimated from the improved method, the stronger level by 1.1, and the improved and enhanced level by 1.2 are presented. In the case of university competitiveness variables, which are considered to be the most important, gradual improvement can be expected from 2012 to the promotion of university financial support projects, and it can be assumed that this trend will continue in the long term. If the past level is maintained, it will be 1.65 (assuming 2012 is 1) in 2028. If the university innovation support project is estimated to be a slightly improved scenario from 2019, it will be 1.68 in 2028, and be improved to a better level and 1.73 in the strong level. When applying these estimates, if the desired level of 2028 is set politically (ex, 1.9 or 2), then to what extent should the level of other variables be improved to achieve this (ex, to what extent the level of the scenario should be improved) may be inferred of estimates. Improvements: With the goal of making the right use of government funded projects and becoming a universalized university at a global level, this university can survive by constantly researching which departments to characterize.

KEYWORDS
Fiscal Programs for Universities, the Fourth Industrial Revolution, University, Educational Competitiveness, University Innovation Support Project, Korea

Cite this paper
Sang-Yup Lee . "Development Strategies of Fiscal Programs for Universities in Korea - With Focused on Estimation of Effect of Restructuring of University Financial Support Project on University Competitiveness." Universal Journal of Educational Research 7.5A (2019) 54 - 67. doi: 10.13189/ujer.2019.071508.