[THE INVESTOR] International schools on Jejudo Island will to be allowed to send a part of their profits abroad from the first half of next year under the government’s service industry growth plans revealed on July 5.

Under the plans, up to 40 percent of the profits will be allowed to be transferred abroad if the school’s debt to capital ratio and other conditions are met. In addition, the government will also review allowing student loans to be given to Korean students studying at foreign institutions’ local branches. 


These and other measures are aimed at attracting more foreign educational institutions to Korea, and to reduce the number of Koreans going abroad for education.

For foreign nationals studying in Korea, the government plans to provide three-year working visas and introduce university degrees designed specifically for foreign nationals.

By Choi He-suk (cheesuk@heraldcorp.com)